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A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs: An Application of the Morishima Elasticity of Substitution
Paul, Saumik - 2019
The role of capital accumulation as a driver of the labor income share requires capital and labor to be substitutes, which appears paradoxical in a world predominantly characterized by complementarity between capital and labor. This paper argues that the composition of skills in the labor force...
Persistent link: https://www.econbiz.de/10012005920
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Labor Income Share Dynamics with Variable Elasticity of Substitution
Paul, Saumik - 2019
as a non-linear function of the Weibull distribution of capital-labor ratio. Empirical findings support the choice of a …
Persistent link: https://www.econbiz.de/10012059148
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Does Reminding of Behavioural Biases Increase Returns from Financial Trading? A Field Experiment
De Paola, Maria; Gioia, Francesca; Piluso, Fabio - 2017
We ran a field experiment to investigate whether nudge policies, consisting in behavioural insight messaging, help to improve performance in financial trading. Our experiment involved students enrolled in a financial trading course in an Italian University who were invited to trade on Borsa...
Persistent link: https://www.econbiz.de/10011744695
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Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 2013
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and … disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution …
Persistent link: https://www.econbiz.de/10010293176
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Distributional Consequences of Capital Accumulation, Globalisation and Financialisation in the US
Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2013
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and … disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution …
Persistent link: https://www.econbiz.de/10010627844
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Assessing the impact of incomes policy: The italian experience
Pastore, Francesco - 2010
The Saint Valentine's decree (1984) and the ensuing hard fought referendum (1985), which reduced the automatisms of scala mobile, started a process of redefinition of wage fixing in Italy, which culminated with the final abolition of scala mobile (1992) and the approval of Protocollo d'intesa...
Persistent link: https://www.econbiz.de/10010272671
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Assessing the Impact of Incomes Policy: The Italian Experience
Pastore, Francesco - Institute for the Study of Labor (IZA) - 2010
The Saint Valentine's decree (1984) and the ensuing hard fought referendum (1985), which reduced the automatisms of scala mobile, started a process of redefinition of wage fixing in Italy, which culminated with the final abolition of scala mobile (1992) and the approval of Protocollo d'intesa...
Persistent link: https://www.econbiz.de/10008548711
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …
Persistent link: https://www.econbiz.de/10010262477
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …
Persistent link: https://www.econbiz.de/10005762377
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An innovation index based on knowledge capital investment: definition and results for the UK market sector
Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - 2009
We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we could get more GDP without innovation by simply...
Persistent link: https://www.econbiz.de/10010271890