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Development and sector labor income shares
Schäfer, Daniel - 2024
capital deepening is the primary driver of these patterns. Researchers can directly use the new dataset of labor shares to …
Persistent link: https://www.econbiz.de/10014540009
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Secular stagnation and income distribution dynamics
Kiefer, David M.; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2019
This paper contributes to the literature on secular stagnation by estimating a measure of potential output growth for the post-war US economy derived from a novel model specification that allows for the cyclical interactions between income distribution, represented by the trajectory of the labor...
Persistent link: https://www.econbiz.de/10013269241
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Labor-share dynamics: The role of import competition
Paulie, Charlotte - 2021
Does increasing product-market competition from foreign firms affect domestic labor shares? By combining detailed Swedish firm-level data with an instrumental variable design, I show that an increase in import penetration caused by increased global competition results in a decrease in domestic...
Persistent link: https://www.econbiz.de/10012660630
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What do we know about the labor share and the profit share? Part I: Theories
Giovannoni, Olivier - 2014
This series of working papers explores a theme enjoying a tremendous resurgence: the functional distribution of income - the division of aggregate income by factor share. This first installment surveys some landmark theories of income distribution. Some provide a technology-based account of the...
Persistent link: https://www.econbiz.de/10010513050
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What do we know about the labor share and the profit share? Part III: Measures and structural factors
Giovannoni, Olivier - 2014
points since 1980. This amounts to a transfer of $1.8 trillion from labor to capital in 2012 alone and brings the US labor …
Persistent link: https://www.econbiz.de/10010513051
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What do we know about the labor share and the profit share? Part II: Empirical studies
Giovannoni, Olivier - 2014
In this second part of our study we survey the rapidly expanding empirical literature on the determinants of the functional distribution of income. Three major strands emerge: technological change, international trade, and financialization. All contribute to the fluctuations of the labor share,...
Persistent link: https://www.econbiz.de/10010513059
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A reassessment of the use of unit labor costs as a tool for competitiveness and policy analyses in India
Felipe, Jesus; Kumar, Utsav - 2010
's capital share increased from 40 to 74 percent over the same period. We also find that real wages have increased minimally … during the period analyzed-well below labor productivity-while the real profit rate and unit capital costs have increased … increase in unit capital costs. Our analysis questions policy recommendations that advocate wage moderation, which result from …
Persistent link: https://www.econbiz.de/10010286515
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Financialisation and financial crisis in Iceland
Guðmundsson, Björn Rúnar - 2015
particularly supportive of financial expansion at a time when cross-border capital movements were rapidly on the rise. Consequently …
Persistent link: https://www.econbiz.de/10011310222
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The principle of effective demand: Marx, Kalecki, Keynes and beyond
Hein, Eckhard - 2015
The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians,...
Persistent link: https://www.econbiz.de/10011381299
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Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system
Hein, Eckhard - 2016
-regulation and downsizing of the financial sector, the re-distribution of income (and wealth) from top to bottom and from capital to …
Persistent link: https://www.econbiz.de/10011431825