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Domestic Multinationals, Foreign Affiliates, and Labour Demand Elasticities
Godart, Olivier - 2012
Using information on a panel of multinational firms operating in the United Kingdom from 1996 to 2005, we find that labour demand in domestic multinationals is less sensitive to labour cost changes than in foreign multinationals. This difference in the wage elasticity of labour demand persists...
Persistent link: https://www.econbiz.de/10013096440
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The Effects of Globalization and Technology on the Elasticity of Substitution
Sala, Hector - 2017
, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …
Persistent link: https://www.econbiz.de/10012950903
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Estimating Labor-Supply Elasticities with Joint Borrowing Constraints of Couples
Bredemeier, Christian - 2016
estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and … to borrow than wage-rate changes of the primary earner. We illustrate the differential estimation bias in the framework …
Persistent link: https://www.econbiz.de/10012981501
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Matching Bias in Labor Demand Estimation
Aguilar, Giovanna - 2007
Using a matched firm-worker dataset, we show both theoretically and empirically that positive assortative matching between firms and workers leads to an underestimation of the absolute value of wage elasticity of labor demand
Persistent link: https://www.econbiz.de/10012775693
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Wage Flexibility and Employment Fluctuations : Evidence from the Housing Sector
Pischke, Jörn-Steffen - 2016
Many economists suspect that downward nominal wage rigidities in ongoing labor contracts are an important source of employment fluctuations over the business cycle but there is little direct empirical evidence on this conjecture. This paper compares three occupations in the housing sector with...
Persistent link: https://www.econbiz.de/10012985695
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The Frisch Elasticity in the Mercosur Countries : A Pseudo-Panel Approach
González, Roberto - 2011
This paper provides estimates for the Mercosur countries of the Frisch elasticity – i.e., the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in...
Persistent link: https://www.econbiz.de/10013120132
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A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs : An Application of the Morishima Elasticity of Substitution
Paul, Saumik - 2019
The role of capital accumulation as a driver of the labor income share requires capital and labor to be substitutes, which appears paradoxical in a world predominantly characterized by complementarity between capital and labor. This paper argues that the composition of skills in the labor force...
Persistent link: https://www.econbiz.de/10012870261
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Capital-Labor Substitution, Structural Change and Growth
Alvarez-Cuadrado, Francisco - 2015
There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand...
Persistent link: https://www.econbiz.de/10013024921
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Labor Income Share Dynamics with Variable Elasticity of Substitution
Paul, Saumik - 2019
The accumulation principle suggests that complementarity between capital and labor forces the labor income share to rise in the presence of capital accumulation. The CES model estimates using data from 20 Japanese industries between 1970 and 2012 explain the same outcome but with substitutable...
Persistent link: https://www.econbiz.de/10012867988
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Factor Shares, the Price Markup, and the Elasticity of Substitution between Capital and Labor
Raurich, Xavier - 2011
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these assumptions, proposes a time-series calculation of the...
Persistent link: https://www.econbiz.de/10013120133