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endogenous income-capital ratio: one through the Keynesian notion of effective demand, the other building on induced bias in … consistent with the observed decline of the labor share, the income-capital ratio, and labor productivity growth during the …
Persistent link: https://www.econbiz.de/10014327602
This paper presents a connecting methodology in order to trace the emerging dynamics of inequality for the youth populace of Europe. We determine that the development of these dynamics are directly affected by the advancement of technology, and especially related to Information and Communication...
Persistent link: https://www.econbiz.de/10013021498
remained trendless for other types of capital. In parallel, we document substantial reallocation of labor income from …
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This paper investigates determinants of changes of the labor share in developed countries with a focus on Western Europe. Using a country-industry panel that covers the private sector, the paper focuses on long and short-run changes within industries. The results show a large and time-persistent...
Persistent link: https://www.econbiz.de/10009349135
that data trends for the labor share, wages in effciency units, and labor in effciency units over capital can be matched by …
Persistent link: https://www.econbiz.de/10009349147
This paper uses panel cointegration and error correction models to unveil the direction of long-run causality between the real product wage and labor productivity at the industry level. I use two datasets of manufacturing industries: the EU-Klems dataset covering 11 industries in 19 developed...
Persistent link: https://www.econbiz.de/10010362594
Recent evidence on functional income distribution suggests that the shares of capital and labour in national income …
Persistent link: https://www.econbiz.de/10009548636