Narrow search
Showing 1 - 10 of 1,296
Cover Image
Measures and structural factors
Giovannoni, Olivier - 2014
Economic theory frequently assumes constant factor shares and often treats the topic as secondary. We will show that this is a mistake by deriving the first high-frequency measure of the US labor share for the whole economy. We find that the labor share has held remarkably steady indeed, but...
Persistent link: https://www.econbiz.de/10010358421
Cover Image
Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 2017
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … unidirectional factor driving the labour share down since the eighties, and financialisation equally relevant in the eighties, but … inequality, although financialisation is the most important factor in absolute terms. In the post-Great Recession years of tense …
Persistent link: https://www.econbiz.de/10011756104
Cover Image
Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 2013
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early … ; capital intensity ; financialisation ; trade …
Persistent link: https://www.econbiz.de/10009717716
Cover Image
Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 2012
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early … ; Capital intensity ; Financialisation ; Trade …
Persistent link: https://www.econbiz.de/10009562971
Cover Image
Financialisation and the financial and economic crises : the case of Germany
Detzer, Daniel; Hein, Eckhard - 2014
This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...
Persistent link: https://www.econbiz.de/10010433934
Cover Image
Income distribution and current account imbalances
Behringer, Jan; Theobald, Thomas; Treeck, Till van - 2013
We develop a three-country, stock-flow consistent macroeconomic model to study the effects of changes in both personal and functional income distribution on national current account balances. Each country has a household sector and a non-household (corporate) sector. The household sector is...
Persistent link: https://www.econbiz.de/10010201629
Cover Image
Income distribution and the Great Depression
Belabed, Christian A. - 2015
There is a growing literature comparing the current financial crisis or Great Recession to the worst economic crisis of capitalism, the Great Depression. However, the role of rising income inequality, which has risen dramatically before both crises, is rarely discussed. In this paper we discuss...
Persistent link: https://www.econbiz.de/10011289390
Cover Image
Capital income shares and income
Schlenker, Eva; Schmid, Kai D. - 2013
In this paper, we measure the effect of changing capital income shares upon inequality of gross household income. Using EU-SILC data covering 17 EU countries from 2005 to 2011 we find that capital income shares are positively associated with the concentration of gross household income. Moreover,...
Persistent link: https://www.econbiz.de/10010201648
Cover Image
Dividing the pie : the determinants of labor's share of income on the firm level
Siegenthaler, Michael; Stucki, Tobias - 2014
This paper is the first to study the factors determining labor's share of income on the level of the individual firm, employing an unusually informative panel data set. The empirical examination is concerned with Switzerland which stands out as one of the very few developed countries with a...
Persistent link: https://www.econbiz.de/10010248840
Cover Image
Capital income shares and income inequality in 16 EU member countries
Schlenker, Eva; Schmid, Kai D. - 2014 - This version: October 2014
In this paper, we estimate the effect of changes in capital income shares on inequality of gross household income. Using EU-SILC data covering 16 EU countries from 2005 to 2011 we find that the level of capital income shares is positively associated with the concentration of gross household...
Persistent link: https://www.econbiz.de/10010419781