| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23853 |
| 来源ID | Working Paper 23853 |
| The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration | |
| Gene M. Grossman; Elhanan Helpman; Ezra Oberfield; Thomas Sampson | |
| 发表日期 | 2017-09-25 |
| 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 ; Macroeconomic Models ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w23853 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581526 |
| 推荐引用方式 GB/T 7714 | Gene M. Grossman,Elhanan Helpman,Ezra Oberfield,et al. The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration. 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 | ||
| w23853.pdf（765KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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