This paper examines the relationship between aggregate demand and wage share in US using a vector autoregression methodology. It finds evidence of Goodwin-cycle effects – that is, profit-led profit-squeeze effect baseline estimates assumptions traditionally used aggregative literature. However, examine two components (the real rate labor productivity) indicate these results are highly sensitive...

â â â â â korea’s youth unemployment problem has continued to worsen since 2004. according to an e24, j64, an analysis of raw data from statistics korea’s economically active population survey and supplementary results of the economically active population survey on youths to confirm whether youth unemployment affects all youths, more youths were delaying graduation or taking leaves of abse...

Abstract This paper investigates non-cyclical, short-run relationships between income distribution and the components of aggregate demand in US from 1963–2016. Previous studies using this ‘structural’ methodology have typically found that is wage-led most large, advanced economies. However, these been criticised for treating total output wage share as exogenous, potentially leading to simultane...

this study examins effects of trade liberalization on the wage inequality between urban and rural labor by utilizing the data of micro-level households’ income and expenditures surveys and trade statistics over 2001-2011. the analysis is carried based on the heckscher–ohlin’s theory in international trade and baker’s taste discrimination theory at firms. we use quantile regression and ordinary ...

Colour harmony plays an important role in fine arts, architecture and design. But it can be also important to describe the quality of light sources: the distortion of perceived colour harmony of a set of colour samples under a light source can be a relevant factor by ranking the perceived colour quality of different light sources. In an earlier experimental study[1], we came to the conclusion t...

This paper examines the relationship between inflation and wage indexation in the postwar U.S. using data on the prevalence of cost-of-living adjustments in major collective bargaining agreements. I find that increases in inflation precede increases in wage indexation but reductions in inflation do not precede reductions in wage indexation. There is virtually no evidence that wage indexation af...

Technological change has led to a dramatic decline in the cost of communication and in the cost of coordinating activities performed in different locations. This has allowed firms in rich countries to fragment their production process and offshore an increasing share of the value chain to low-wage countries. 2 Richard Baldwin (2006) refers to this phenomenon as the “second unbundling.” In his w...