A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs: An Application of the Morishima Elasticity of Substitution
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More about this item
Keywords
labor income share; production function; Morishima elasticity of substitution;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
NEP fields
This paper has been announced in the following NEP Reports:- NEP-LMA-2019-04-22 (Labor Markets - Supply, Demand, and Wages)
- NEP-MAC-2019-04-22 (Macroeconomics)
- NEP-ORE-2019-04-22 (Operations Research)
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