Similar Search Results

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

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

Secular Satiation

Saint-Paul, Gilles - 2017

Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given … endogenized, the satiated equilibrium generically survives. For some parameter values, its growth rate is positive while labor … supply declines over time to zero. Its growth rate is then lower than that of the non satiated equilibrium. Hence, the …

Persistent link: https://www.econbiz.de/10011744591

Assessing the impact of incomes policy: The italian experience

Pastore, Francesco - 2010

on inflation; b) introducing growth generating mechanisms. …

Persistent link: https://www.econbiz.de/10010272671

Assessing the Impact of Incomes Policy: The Italian Experience

Pastore, Francesco - Institute for the Study of Labor (IZA) - 2010

on inflation; b) introducing growth generating mechanisms. …

Persistent link: https://www.econbiz.de/10008548711

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

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

Family Finances and Debt Overhang: Evolving Consumption Patterns of Spanish Households

Sala, Hector; Trivín, Pedro - 2022

This paper studies the direct impact of households' debt on consumption over the business cycle. We use household-level panel data for Spain, and focus on a interesting period of analysis, 2002-2017, characterized by large variations in leverage, consumption, and asset prices. We find that debt...

Persistent link: https://www.econbiz.de/10013351761

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Coibion, Olivier; Gorodnichenko, Yuriy; Kudlyak, Marianna; … - 2014

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to keep up with higherincome households. Using household level data on debt...

Persistent link: https://www.econbiz.de/10010333254

Household Debt and Crises of Confidence

Hintermaier, Thomas; Koeniger, Winfried - 2015

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence. The house price feeds back on itself by contributing to a liquidity effect, which operates through the value of housing in a collateral constraint. Over a specific range of debt...

Persistent link: https://www.econbiz.de/10011401681