IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_1987_num_38_3_408995.html
   My bibliography  Save this article

Repères sur la substitution capital-travail

Author

Listed:
  • Philippe Michel
  • Antoine d'Autume

Abstract

[fre] Repères sur la substitution capital-travail. . L'article retrace tout d'abord les évolutions des productivités dans les trois branches industrielles et met en évidence l'importance quantitative du phénomène de substitution du capital au travail. Il présente ensuite quelques éléments d'analyse théorique. L'analyse est conduite successivement sur la base d'une fonction de production agrégée puis d'une fonction à générations. Elle tente d'apprécier les marges de manœuvre, à court terme et à long terme, en matière notamment d'évolution du salaire, de l'emploi et du vieillissement du capital. [eng] Notes on capital labor substitution. . At an empirical level we provide evidence of the large substitution of capital for labor which took place in France during the last 25 years and we analyze the resulting evolutions of factor productivities. At a theoretical level we use a simple model of the open sector of an economy to analyze a policy aimed at reducing the relative cost oi labor. We show that such a policy will have negative cumulative effects on the real wage only if technical progress is capital augmenting and the elasticity of substitution is larger than one.

Suggested Citation

  • Philippe Michel & Antoine d'Autume, 1987. "Repères sur la substitution capital-travail," Revue Économique, Programme National Persée, vol. 38(3), pages 703-723.
  • Handle: RePEc:prs:reveco:reco_0035-2764_1987_num_38_3_408995
    Note: DOI:10.3406/reco.1987.408995
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/reco.1987.408995
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: https://www.persee.fr/doc/reco_0035-2764_1987_num_38_3_408995
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

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

    Other versions of this item:

    References listed on IDEAS

    as
    1. Paul Dubois, 1985. "Ruptures de croissance et progrès technique," Économie et Statistique, Programme National Persée, vol. 181(1), pages 3-31.
    2. Gilbert Cette & Pierre Joly, 1984. "La productivité industrielle en crise : une interprétation," Économie et Statistique, Programme National Persée, vol. 166(1), pages 3-24.
    Full references (including those not matched with items on IDEAS)

    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:prs:reveco:reco_0035-2764_1987_num_38_3_408995. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE). General contact details of provider: https://www.persee.fr/collection/reco .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.