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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - 2001
knowledge sector is bounded, as productivity increases, the economy moves from a ?Solovian zone? where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10010262477
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The wage-productivity gap revisited: Is the labour share neutral to employment?
Karanassou, Marika; Sala, Héctor - 2010
investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages …
Persistent link: https://www.econbiz.de/10010276471
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10005762377
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The Wage-Productivity Gap Revisited: Is the Labour Share Neutral to Employment?
Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2010
investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages …
Persistent link: https://www.econbiz.de/10008548704
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Occupational Mobility and Wage Inequality
Kambourov, Gueorgui; Manovskii, Iourii - 2004
In this study we argue that wage inequality and occupational mobility are intimately related. We are motivated by our empirical findings that human capital is occupation-specific and that the fraction of workers switching occupations in the United States was as high as 16% a year in the early...
Persistent link: https://www.econbiz.de/10010261938
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Factor shares, the price markup, and the elasticity of substitution between capital and labor
Raurich, Xavier; Sala, Hector; Sorolla, Valeri - 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/10010280664
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Inequality and Employment Sensitivities to the Falling Labour Share
Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2011
This paper aims at identifying the labour share (wage-productivity gap) as a major factor in the evolution of inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate country-specific systems of labour demand and Gini coefficient...
Persistent link: https://www.econbiz.de/10009147295
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Factor Shares, the Price Markup, and the Elasticity of Substitution between Capital and Labor
Raurich, Xavier; Sala, Hector; Sorolla, Valeri - Institute for the Study of Labor (IZA) - 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/10009323398
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Collective Bargaining Systems and Macroeconomic and Microeconomic Flexibility: The Quest for Appropriate Institutional Forms in Advanced Economies
Addison, John T. - 2015
This paper addresses the design of the machinery of collective bargaining from the perspective of the needs of microeconomic and macroeconomic flexibility. In the former context, greater attention is given over to enterprise flexibility than external adjustment. In the latter context, close...
Persistent link: https://www.econbiz.de/10011420762
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Inequality and employment sensitivities to the falling labour share
Karanassou, Marika; Sala, Hector - 2011
This paper aims at identifying the labour share (wage-productivity gap) as a major factor in the evolution of inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate country-specific systems of labour demand and Gini coefficient...
Persistent link: https://www.econbiz.de/10010278673