Labor share
Explaining the labor share: automation vs labor market institutions
... the labor share has fallen in recent decades due to changes in labor market institutions ...in labor mar- ket institutions play a minor ...employs labor and the automated technology ...
60
Discretionary monetary policy, quantitative easing and the decline in US labor share
... millenium, labor shares of income in the US and other OECD countries have been declining (OECD, 2012; Elsby et ...in labor shares and has argued that it may be an inevitability that is inherent in ...
16
The Global Rise of Asset Prices and the Decline of the Labor Share
... Figure 2.a shows a capital market with a standard capital demand and an increasing asset demand (i.e. supply of savings). In a frictionless environment, equilibrium occurs when these two curves intersect (point A). Now, ...
72
FDI and the labor share in developing countries: a theory and some evidence
... the labor share decreases with …rm ...the labor share, and below which this raises the labor ...the labor share is ...
40
The mightier, the stingier: Firms’ market power, capital intensity, and the labor share of income
... aggregate labor share dynamics, whereas I assess the role of firm and market characteristics in determining the level of the labor share at individual ...the labor share and a ...
63
Labor share, informal sector and development
... different labor market policies on economic outcomes in the short and medium run (taxation, minimum wage or ...the labor share of income in a dual labor ...
28
Income Inequality and Labor Share in U.S.A and Canada
... labour share of income has ...the labor share of income in the ...the labor income share have not had significant effects on income ...
9
Inequality and Production Elasticity
... decreased labor share of income without capital ...in labor share is explained by the initial investment in new technology through capital conversion that temporarily reduces capital per ...
20
Openness and Factor Shares: Is Globalization Always Bad for Labor?
... the labor share in ...the share of labor in value added relative to the share of ...which labor loses its share of total ...a labor-biased technical change that ...
63
SSRN-id2668359
... Table I reports time series averages of median characteristics for portfolios of firms sorted on LS (Panel A) and ELS (Panel B). Novy-Marx (2011) presents evidence that intra- as opposed to inter-industry differences in ...
72
U S Wage and Price Dynamics: A Limited Information Approach
... and labor markets are monopolistically competi- tive, prices and wages can be reoptimized only at random inter- vals, and, when not reoptimized, can be partially adjusted to previous-period aggregate ...
38
Bank Capital, Credit Market Frictions and International Shocks Transmission
... Parameters Description β Discount factor γ Habit formation ψ Weight of leisure in utility ζ Elasticity of money demand θk Capital share θh Workers labor share θe Entrepreneur labor share[r] ...
52
Labor markets and informality: the case of Central Asia
... the labor force (See table 1). The largest labor share belongs to Uzbekistan ...million). Labor force participation rates in these economies, as a legacy of Soviet period, are high and, in ...
6
Financial Crises and the Future of the Real Economy
... the labor productivity (one of the main signs of economic progress) the smaller share of value added to the economy is going to the labor and the higher share is going to the capital providers ...
5
Monetary policy, market structure and the income shares in the U S
... to labor and the rest to ...of labor income among workers and the rising of poverty, as well as the implications for economic policy that these developments entailed, the search for the reasons why the ...
40
Agricultural Productivity Differences and Credit Market Imperfections
... agricultural labor productivity increases in λ when λ is ...on labor share in either ...for labor in the production of ¯ a units of the agricultural ...agricultural labor productivity ...
16
The Evolution of Factor Shares: Evidence from Switzerland
... and labor shares only in the CES ...the labor share decreases at the expense of the capital share whereas consumption, investment, and GDP ...the labor and capital shares and leads to a ...
25
Has Globalization Eroded Labor’s Share? Some Cross Country Evidence
... falling labor shares if non-tradeables are more ...and labor shares for poor countries: an exchange rate depreciation is accompanied by a sharp fall in labor’s ...labor’s share in Mexico. Movements ...
52
Estimating a New Keynesian Phillips Curve with a Corrected Measure of Real Marginal Cost: Evidence in Japan
... corrected labor share by taking account of two kinds of labor market frictions: (i) labor adjustment costs and (ii) real wage ...these labor market frictions greatly improves the fi t of ...
39
A New Index for Identifying Technology Development in OECD Countries
... the labor parameter is equal to the labor share out of the total production, we can extract the technology parameter for each year and for each ...
6