全球智库信息集成服务系统(G2TT): DP12342 The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP12342
	DP12342 The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration
	Thomas Sampson; Gene Grossman; Elhanan Helpman; Ezra Oberfield
发表日期	2017-09-29
出版年	2017
语种	英语
摘要	We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor share of national income. In a neoclassical growth model with endogenous human capital accumulation a la Ben Porath (1967) and capital-skill complementarity a la Grossman et al. (2017), the steady-state labor share is positively correlated with the rates of capital-augmenting and labor-augmenting technological progress. We calibrate the key parameters describing the balanced growth path to U.S. data for the early postwar period and find that a one percentage point slowdown in the growth rate of per capita income can account for between one half and all of the observed decline in the U.S. labor share.
主题	Macroeconomics and Growth
关键词	Neoclassical growth Balanced growth Technological progress Capital-skill complementarity Labor share Capital share
URL	https://cepr.org/publications/dp12342
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/541152
推荐引用方式 GB/T 7714	Thomas Sampson,Gene Grossman,Elhanan Helpman,et al. DP12342 The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration. 2017.