A note on the determinants of labour share movements

Adjustment costs cause movements of the labour share if the economy experiences demand or wage shocks. With linear adjustment costs and Cobb-Douglas technology, these movements are independent of the size of these shocks and depend only on the size of the adjustment costs.

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Alternative title:	Determinanten von Lohnquotenschwankungen
Year of publication:	2002
Authors:	Kessing, Sebastian
Institutions:	Abteilung "Marktprozesse und Steuerung", Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Subject:	Labour share \| adjustment costs \| labour demand

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Extent:	application/pdf
Series:	Discussion Papers, Research Unit: Market Processes and Governance.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number FS IV 02-30
Classification:	D33 - Factor Income Distribution ; J63 - Turnover; Vacancies; Layoffs
Source:	RePEc - Research Papers in Economics

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