IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v40y2016i4p1167-1183..html
   My bibliography  Save this article

Elasticity of substitution and social conflict: a structuralist note on Piketty’s Capital in the Twenty-first Century

Author

Listed:
  • Nelson H. Barbosa-Filho

Abstract

This paper presents a structuralist analysis of the elasticity of substitution between capital and labour, with an application to the US economy. The paper shows how the elasticity of substitution is an aggregated residual parameter, as well as how fluctuations of it can be explained in terms of technological, distributive, demographic and demand shocks. Then, based on a 2×2 dynamical model for the wage share of income and the employment rate, the paper analyses Thomas Piketty’s theoretical proposition that the functional distribution of income may not be stationary.

Suggested Citation

  • Nelson H. Barbosa-Filho, 2016. "Elasticity of substitution and social conflict: a structuralist note on Piketty’s Capital in the Twenty-first Century," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(4), pages 1167-1183.
    • Handle: RePEc:oup:cambje:v:40:y:2016:i:4:p:1167-1183.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cje/bev042
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Araujo, Ricardo Azevedo & Dávila-Fernández, Marwil J. & Moreira, Helmar Nunes, 2019. "Some new insights on the empirics of Goodwin's growth-cycle model," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 42-54.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:40:y:2016:i:4:p:1167-1183.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.