A note on the determinants of labour share movements
[Determinanten von Lohnquotenschwankungen]
Adjustment costs cause movements of the labour share if the economy experiences demand or wage shocks. With linear adjustment costs and Cobb-Douglas technology, these movements are independent of the size of these shocks and depend only on the size of the adjustment costs.
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- Samuel Bentolila & Gilles Saint Paul, 1999.
"Explaining movements in the labor share,"
Economics Working Papers
374, Department of Economics and Business, Universitat Pompeu Fabra.
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"Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices,"
NBER Working Papers
6566, National Bureau of Economic Research, Inc.
- Blanchard, Olivier, 1998. "Revisiting European Unemployment : Unemployment, Capital Accumulation and Factor Prices," Research Series, Economic and Social Research Institute (ESRI), number GLS28.
- Oliver J. Blanchard, 1997. "The Medium Run," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(2), pages 89-158.
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