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Factor shares, the price markup, and the elasticity of substitution between capital and labor
Raurich-Puigdevall, Xavier; Sala, Hector; Sorolla i … - 2011
contrasted patterns in terms of capital deepening. -- elasticity of substitution ; price markup ; factor shares ; capital …
Persistent link: https://www.econbiz.de/10009422480
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Credit and the Labor Share : Evidence from U.S. States
Leblebicioglu, Asli - 2017
to borrowing costs, which itself is informative about the aggregate elasticity of substitution between capital and labor … capital intensive and external finance dependent industries …
Persistent link: https://www.econbiz.de/10012948323
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Credit and the Labor Share : Evidence from U.S. States
Leblebicioğlu, Asli - 2017
to borrowing costs, which itself is informative about the aggregate elasticity of substitution between capital and labor … capital intensive and external finance dependent industries …
Persistent link: https://www.econbiz.de/10012949138
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Capital-Task Complementarity and the Decline of the U.S. Labor Share of Income
Orak, Musa - 2017
unitary elasticity between equipment capital and non-routine tasks, equipment capital and routine tasks are highly … document that the fall in relative price of equipment capital alone can explain 72 percent of the observed decline in the U … sensitivities of cost of production to the price of equipment capital …
Persistent link: https://www.econbiz.de/10014122283
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Bargaining power, structural change, and the fallin U.S. labor share
Cauvel, Michael; Pacitti, Aaron - 2021
One of the most significant stylized facts in the U.S. economy since the 1970s has been the decline in the share of national income accruing to labor. Many recent studies have sought to explain this trend, with most explanations focusing on structural changes such as deindustrialization,...
Persistent link: https://www.econbiz.de/10012660337
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Comparing profit shares in value-added in four OECD countries : towards more harmonised national accounts
Pionnier, Pierre-Alain; Guidetti, Emmanuelle - 2015
This article gives methodological guidance on how best to compare the share of profits in value-added across countries using national accounts. Such comparisons are often based on accounts for institutional sectors such as non-financial corporations. It turns out that these are less...
Persistent link: https://www.econbiz.de/10011403307
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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/10009157624
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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/10009309510
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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 the US over the 1960-2009 period. We show that the labour share is affected positively by capital intensity and … counterfactual simulations, a key finding is that the decrease in capital intensity in the eighties accounted for about 76% of the …
Persistent link: https://www.econbiz.de/10009717716
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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 the US over the 1960-2009 period. We show that the labour share is affected positively by capital intensity and … counterfactual simulations, a key finding is that the decrease in capital intensity in the eighties accounted for about 76% of the …
Persistent link: https://www.econbiz.de/10009562971