Corporate debt, Share of Wages in Value Added and Interest Rates
It has been observed, in a number of european countries like France, that the increase in real long term interest rates seemd to imply a decrease in the corporate debt ratios (the debt to equity ratio or the debt to value added ratio) and also a decrease in th share of wages in value-added. We analyse the existence of a link between interest rates and the way coporations finance of their wage and employment behavior, from a theoretical point of view.
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|Date of creation:||1996|
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