| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1988 |
| DP1988 Conditions of Competition and Multilateral Surveillance | |
| Simeon Djankov | |
| 发表日期 | 1998-10-31 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | In this paper we study the evolution of the labour share in the OECD since 1970. We present a theoretical model showing that it is essentially related to the capital-output ratio; that this relationship is shifted by factors like the price of imported materials or the skill mix; and that discrepancies between the marginal product of labour and the real wage (due to, e.g. product market power, union bargaining, and labour adjustment costs) cause departures from it. We estimate the model with panel data on 15 industries and 14 countries for 1973-93 and derive the evolution of the wage gap in Germany and the United States. |
| 关键词 | Capital-output ratio Labour share |
| URL | https://cepr.org/publications/dp1988 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531119 |
| 推荐引用方式 GB/T 7714 | Simeon Djankov. DP1988 Conditions of Competition and Multilateral Surveillance. 1998. |
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