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Die Lohnquote ist in Deutschland in den letzten beiden Jahren mit deutlich unter 70 Prozent auf einen der niedrigsten … Haushalte beziehen einen wachsenden Anteil ihres Einkommens aus Kapitalvermögen. Außerdem erfasst die Lohnquote nicht die vom … Vergangenheit zwar einerseits dazu beigetragen, die Lohnquote zu stabilisieren. Andererseits hat die damit einhergehende …
Persistent link: https://www.econbiz.de/10011633168
Recent evidence on functional income distribution suggests that the shares of capital and labour in national income vary considerably both over time and across countries. Specifically, there seems to be a general reduction in the labour share around the world, in particular from the mid-1980s...
Persistent link: https://www.econbiz.de/10010283932
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010300343
Despite similar levels of per capita income, education, and technology the development of labour shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. Employing an overlapping generations model we first examine the...
Persistent link: https://www.econbiz.de/10010269987
Several authors have argued that if the labor share of income is used as the proxy for real marginal cost, then the sticky-price version of the New Keynesian Phillips Curve does a good job of approximating US inflation dynamics. However, this paper argues that the labor share is an inappropriate...
Persistent link: https://www.econbiz.de/10010277532
The labour share of income in national product has shown a declining trend in many advanced economies over the past 30 years. However, many economists still hold the view that the wage share remains almost constant in the long run. The notion of the relative stability of the wage share in the...
Persistent link: https://www.econbiz.de/10010460496
Persistent link: https://www.econbiz.de/10010281476
We analyze the impact of unemployment benefits and minimum wagesusing an equilibrium search model which allows for dispersion ofbenefits and productivity levels, job-to-job transitions, andstructural and frictional unemployment. The estimation method usesreadily available aggregate data on...
Persistent link: https://www.econbiz.de/10010324554
Persistent link: https://www.econbiz.de/10011467749
Die anhaltend hohe Arbeitslosigkeit hat verstärkt zu Diskussionen geführt, ob das Steuer-Transfer-System hierfür mitverantwortlich sei. Dabei wurde insbesondere auf die sehr hohe implizite Grenzbelastung im untersten Einkommensbereich hingewiesen. Als Alternativen wurden eine negative...
Persistent link: https://www.econbiz.de/10010377607