Capital-labor substitution, structural change and the labor income share
Recent work has documented declines in the labor income share in the United States and beyond. This paper documents that this decline was more pronounced in manufacturing than in services in the U.S. and in a broad set of other industrialized economies, and shows that a model with cross-sectoral dif...
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Volume: | 87 |
---|---|
Main Author: |
Alvarez-Cuadrado, Francisco
Long, Ngo Van Poschke, Markus |
Format: | Journal Article |
Language: | English |
Place of publication: |
AMSTERDAM Elsevier B.V 01.02.2018 ELSEVIER SCIENCE BV |
published in: | Journal of economic dynamics & control Vol. 87; pp. 206 - 231 |
Data of publication: | February 2018 |
ISSN: |
0165-1889 1879-1743 |
EISSN: |
1879-1743 |
Discipline: | Economics |
Subjects: | |
Online Access: | available in Bonn? |
Database: | Social Sciences Citation Index Web of Science - Social Sciences Citation Index – 2018 Web of Knowledge Web of Science CrossRef Database information Databases - DBIS |