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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6566, National Bureau of Economic Research, Inc.
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- Samuel Bentolila & Gilles Saint Paul, 1999.
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Economics Working Papers
374, Department of Economics and Business, Universitat Pompeu Fabra.
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