Labor Share And Growth In The Long Run
Fuente:
Organización Internacional del Trabajo (OIT)
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| Autores principales: | , , |
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| Formato: | Artículo científico |
| Publicado: |
International Labour Organization
2020
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| _version_ | 1874525009837293568 |
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| author | Matthieu Charpe Slim Bridji Peter Mcadam |
| author_facet | Matthieu Charpe Slim Bridji Peter Mcadam Matthieu Charpe Slim Bridji Peter Mcadam |
| contents | Labor Share And Growth In The Long Run Matthieu Charpe Slim Bridji Peter Mcadam This paper establishes some stylized facts of the long-run relationship between growth and labor shares using historical data for the USA (1898–2010), the United Kingdom (1856–2010), and France (1896–2010). Performing individual country time–frequency analysis, we demonstrate the existence of long-term cycles in labor share of 30–50 years explaining a major part of the variance in the data. Further, the impact of labor share on growth changes sign with the frequency considered from negative at high frequencies to positive at low frequencies. Finally, the positive coefficient associated with the labor share at low frequencies increases over time. 10.1017/S1365100518001025 DOI https://doi.org/10.1017/S1365100518001025 publication.journalArticle |
| format | Artículo científico |
| id | ilo_995333257302676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2020 |
| publisher | International Labour Organization |
| spellingShingle | Labor Share And Growth In The Long Run Matthieu Charpe Slim Bridji Peter Mcadam Labor Share And Growth In The Long Run Matthieu Charpe Slim Bridji Peter Mcadam This paper establishes some stylized facts of the long-run relationship between growth and labor shares using historical data for the USA (1898–2010), the United Kingdom (1856–2010), and France (1896–2010). Performing individual country time–frequency analysis, we demonstrate the existence of long-term cycles in labor share of 30–50 years explaining a major part of the variance in the data. Further, the impact of labor share on growth changes sign with the frequency considered from negative at high frequencies to positive at low frequencies. Finally, the positive coefficient associated with the labor share at low frequencies increases over time. 10.1017/S1365100518001025 DOI https://doi.org/10.1017/S1365100518001025 publication.journalArticle |
| title | Labor Share And Growth In The Long Run |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/Labor-Share-And-Growth-In-The/995333257302676 |