Do factor shares reflect technology?
نویسندگان
چکیده
منابع مشابه
In ‡ ation and Factor Shares ¤
We use results from the literature on the determinants of price-cost margins to derive an equation relating labor's share of national income to the in ‡ation rate (as well as to the output gap, the unemployment rate and the capital stock per worker). The equation is tested with a panel of 15 OECD countries. We obtain a robust positive relationship between in ‡ation and the labor share. Our resu...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2008
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2007.09.006