منابع مشابه
Labor Share and Technology Dynamics
In this paper we develop a theory on the joint dynamics of labor share and technology (measured as a Solow residual) at the business cycle frequency. Our main motivating fact is the overshooting property of the labor share: After a positive technology shock, the share of output that corresponds to labor falls temporarily but it quickly rises, at a higher level (in absolute terms) than the initi...
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We use two distinct panel datasets to extract and examine data on the labor share of output. From the first, we examine trends in the economy-wide labor share and from the second, we examine trends in the labor share of the manufacturing sector over the last three decades. Both datasets show that labor shares have decreased, starting from about 1980, in most regions of the world. This finding i...
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متن کاملLabor Share in the Change of Japanese Industrial Structure
The investigation by E. Dietzenbacher et al. (2004) has shown the decline of the U.S. labor share for a term of 1982-1997 in spite of the rise of labor productivity. This controversial observation must be inquired to be valid for the other economy or not, and it should be explained for those dynamic causes of change. This research adopted the extended multiplicative structural decomposition ana...
متن کاملConcentrating on the Fall of the Labor Share
The recent fall of labor’s share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a ”superstar firm” model where industries are increasingly characterized by ”winner take most” competition, leading a small number of highly profitable (and low labor share) firms to command growing market share. Building on Autor et al. (2017), we evaluate and confi...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2020
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2020.108979