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The Bowley Ratio

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  • Willis, Geoff

Abstract

The paper gives a simple algebraic description, and background justification, for the Bowley Ratio, the relative returns to labour and capital, in a simple economy.

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File URL: http://mpra.ub.uni-muenchen.de/30852/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30852.

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Date of creation: 10 May 2011
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Handle: RePEc:pra:mprapa:30852

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Keywords: Bowley; returns; labour; capital;

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References

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  1. Xavier Gabaix, 2008. "Power Laws in Economics and Finance," NBER Working Papers 14299, National Bureau of Economic Research, Inc.
  2. John Y. Campbell, 2002. "Consumption-Based Asset Pricing," Harvard Institute of Economic Research Working Papers 1974, Harvard - Institute of Economic Research.
  3. Douglas Gollin, 2001. "Getting Income Shares Right," Department of Economics Working Papers 2001-11, Department of Economics, Williams College.
  4. Young, Andrew T., 2010. "One of the things we know that ain't so: Is US labor's share relatively stable?," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 90-102, March.
  5. Lee,Frederic S., 2006. "Post Keynesian Price Theory," Cambridge Books, Cambridge University Press, number 9780521030212, April.
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