Similar Search Results

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/10010356672

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/10010356673

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/10010358421

The (normal) rate of capacity utilization at the firm level

Nikiforos, Michalis - 2012

-minimizing firm has an incentive to increase the utilization of its capital if the rate of the returns to scale decreases as its …

Persistent link: https://www.econbiz.de/10009665519

Distribution and growth : a dynamic Kaleckian approach

Patriarca, Fabrizio; Sardoni, Claudio - 2011

This paper studies the effects of an (exogenous) increase of nominal wages on profits, output, and growth. Inspired by an article by Michał Kalecki (1991), who concentrated on the effects on total profits, the paper develops a model that explicitly considers the dynamics of demand, prices,...

Persistent link: https://www.econbiz.de/10009380290

Gender disparities in employment and aggregate profitability in the United States

Zacharias, Ajit (contributor) - 2008

We explore the relationships between aggregate profitability and women’s growing share of market work in the United States during the 1980s and 1990s. Using decomposition analysis and counterfactuals, we investigate whether the contribution of the declining wage share to the upswing in...

Persistent link: https://www.econbiz.de/10003727001

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/10008664019

Unit labor costs in the eurozone

Felipe, Jesus; Kumar, Utsav - 2011

competitiveness called unit capital costs as the ratio of the nominal profit rate to capital productivity. This has increased in all … eurozone face. If this is done, firms should also acknowledge that unit capital costs have increased significantly and thus …

Persistent link: https://www.econbiz.de/10008906594

Fiscal policy effectiveness : lessons from the Great Recession

Tcherneva, Pavlina R. - 2011

This paper reconsiders fiscal policy effectiveness in light of the recent economic crisis. It examines the fiscal policy approach advocated by the economics profession today and the specific policy actions undertaken by the Bush and Obama administrations. An examination of the labor market...

Persistent link: https://www.econbiz.de/10008906599

Effective demand in the recent evolution of the US economy

López Gallardo, Julio; Reyes-Ortiz, Luis - 2011

We present strong empirical evidence favoring the role of effective demand in the US economy, in the spirit of Keynes and Kalecki. Our inference comes from a statistically well-specified VAR model constructed on a quarterly basis from 1980 to 2008. US output is our variable of interest, and it...

Persistent link: https://www.econbiz.de/10009153006