A note on the determinants of labour share movements
AbstractAdjustment costs cause movements of the labour share if the economy experiences demand or wage shocks. With linear adjustment costs and Cobb-Douglas technology, these movements are independent of the size of these shocks and depend only on the size of the adjustment costs. -- Anpassungskosten auf dem Arbeitsmarkt verursachen Schwankungen der Lohnquote, wenn eine Volkswirtschaft Lohn- oder Nachfrageschocks ausgesetzt ist. FÃ¼r den Fall einer Cobb-Douglas Produktionstechnologie wird gezeigt, dass die induzierten Schwankungen nicht von der GrÃ¶Ãe der Lohn- oder Nachfrageschocks abhÃ¤ngen, sondern nur von der HÃ¶he der Anpassungskosten.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 81 (2003)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- Kessing, Sebastian, 2002. "A note on the determinants of labour share movements," Discussion Papers, Research Unit: Market Processes and Governance FS IV 02-30, Social Science Research Center Berlin (WZB).
- D33 - Microeconomics - - Distribution - - - Factor Income Distribution
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
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