Capital-labor substitution, structural change and the labor income share

DOI10.1016/J.JEDC.2017.12.010zbMATH Open1401.91297OpenAlexW3023605482MaRDI QIDQ1657193FDOQ1657193

Authors: Francisco Alvarez-Cuadrado, Ngo Van Long, Markus Poschke 

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://cirano.qc.ca/files/publications/2014s-02.pdf

Recommendations

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zbMATH Keywords

structural changelabor income sharecapital-labor substitutionbiased technical change

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Directed Technical Change
• Beyond balanced growth.
• Getting normalization right: dealing with `dimensional constants' in macroeconomics
• The global decline of the labor share
• Scale and the origins of structural change
• Endogenous aggregate elasticity of substitution
• Capital-labor substitution, structural change, and growth

Cited In (15)

• Capital-labor substitution, structural change, and growth
• Structural change with dynamics of capital income share
• PURE JOINT PRODUCTION, INCOME DISTRIBUTION, EMPLOYMENT AND THE EXCHANGE RATE
• Labor share decline and intellectual property products capital
• The micro-level anatomy of the labor share decline
• Interaction effects in the adjustment cost function of firms
• Inside the decline of the labor share: technical change, market power, and structural change
• The dynamics of hours worked and technology
• Structural change accounting with labor market distortions
• Indeterminacy with almost constant returns to scale: capital-labor substitution matters
• Capital-skill complementarity, sectoral labor productivity, and structural transformation
• Micro data and macro technology
• Corporate tax cuts and the decline in the manufacturing labor share
• The race between preferences and technology
• The global decline of the labor share

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