Explaining movements in the labor share

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Contributions to Macroeconomics, Berkeley Electronic Press, vol. 3(1), 2003, pages 1103-1103
http://hdl.handle.net/10230/343
To cite or link this document: http://hdl.handle.net/10230/343
dc.contributor.author Bentolila, Samuel
dc.contributor.author Saint Paul, Gilles
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 1999-04-01
dc.identifier.citation Contributions to Macroeconomics, Berkeley Electronic Press, vol. 3(1), 2003, pages 1103-1103
dc.identifier.uri http://hdl.handle.net/10230/343
dc.description.abstract In this paper we study the evolution of the labor share in the OECD since 1970. We show it is essentially related to the capital-output ratio; that this relationship is shifted by factors like the price of imported materials or the skill mix; and that discrepancies between the marginal product of labor and the real wage (due to, e.g., product market power, union bargaining, and labor adjustment costs) cause departures from it. We provide estimates of the model with panel data on 14 industries and 14 countries for 1973-93 and use them to compute the evolution of the wage gap in Germany and the US.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 374
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Explaining movements in the labor share
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:13:59Z
dc.subject.keyword Labour, Public, Development and Health Economics
dc.subject.keyword labor share
dc.subject.keyword capital-output ratio
dc.rights.accessRights info:eu-repo/semantics/openAccess


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