| 来源类型 | Policy Contribution |
| 规范类型 | 简报 |
| The global decline in the labour income share: is capital the answer to Germany’s current account surplus? | |
| Bennet Berger; Guntram B. Wolff | |
| 发表日期 | 2017-04-26 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 概述 | Analysing the major divergences between the three largest euro-area countries in terms of unit labour costs and current accounts, to the broader debate on labour income shares. Data suggests that capital and labour have been complements. |
| 摘要 | This paper links the major divergences between the three largest euro-area countries in terms of unit labour costs and current accounts, to the broader debate on labour income shares. The authors show that Germany, like the United States and Japan, has experienced a significant decline in the share of national income that goes to labour. At the same time, labour shares in France and Italy have increased since the beginning of monetary union, breaking a trend that had persisted for several decades. The capital intensity of production has increased much more significantly in France and Italy, while in Germany the capital-to-GDP ratio has stagnated and the net public capital stock has fallen. Our data suggests that capital and labour have been complements. |
| 主题 | European Macroeconomics & Governance |
| 关键词 | employment policy and labour markets European governance eurozone governance Germany labour share |
| URL | https://bruegel.org/2017/04/the-global-decline-in-the-labour-income-share-is-capital-the-answer-to-germanys-current-account-surplus/ |
| 来源智库 | Bruegel (Belgium) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/429628 |
| 推荐引用方式 GB/T 7714 | Bennet Berger,Guntram B. Wolff. The global decline in the labour income share: is capital the answer to Germany’s current account surplus?. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| PC-12-2017COVER.jpg（77KB） | 智库出版物 | 限制开放 | CC BY-NC-SA |  浏览 | ||
| 文件名： | PC-12-2017COVER.jpg |
| 格式： | JPEG |
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