The labor share puzzle: Empirical evidence for European countries

被引：3

作者：

Bellocchi, Alessandro ^{[1
,2
]}

Marin, Giovanni ^{[1
,2
]}

Travaglini, Giuseppe ^{[1
]}

机构：

[1] Univ Urbino Carlo Bo, Dept Econ Soc & Polit DESP, Via Aurelio Saffi 42, I-61029 Urbino, Italy

[2] SEEDS, Vittoria, Italy

来源：

ECONOMIC MODELLING | 2023年 / 124卷

关键词：

Labor share; Firm-level analysis; Capital-output ratios; Technological change; Markups; SUBSTITUTION ELASTICITY; DECLINE; FIRM; RISE; DETERMINANTS; TECHNOLOGY; EMPLOYMENT; DYNAMICS; LESSONS; STATES;

D O I：

10.1016/j.econmod.2023.106327

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Changes in labor share are documented in the literature, but its micro-sources remain unclear. At the macro level, the labor share is related to the capital-output ratio. Firm level evidence is scarce although very informative. In this paper we use microdata from European firms to study changes in labor share in 19 EU industries, over the period 2011-2019. Our results confirm that changes in firms' labor shares are related to these factors and that its decline has been accompanied by a reduction in capital accumulation, technological change and increasing markups. Further, we find heterogeneity among firms and show that the relationship between the labor share and the capital-output ratio is significantly nonlinear in many industries.

引用

页数：17

共 50 条

[11] The labor share and income inequality: some empirical evidence for the period 1990-2015
Erauskin, Inaki
APPLIED ECONOMIC ANALYSIS, 2020, 28 (84): : 173 - 195
[12] The Impact of Financial Integration on the Labor Share of Income: An Empirical Evidence from a Panel Dataset
Huong Le
The Indian Journal of Labour Economics, 2020, 63 : 597 - 627
[13] Financialization and Neoliberalism and the Fall in the Labor Share: A Panel Data Econometric Analysis for the European Union Countries
Barradas, Ricardo
REVIEW OF RADICAL POLITICAL ECONOMICS, 2019, 51 (03) : 383 - 417
[14] A Framework to Assess Fiscal Vulnerability: Empirical Evidence for European Union Countries
Stoian, Andreea
Brasoveanu, Laura Obreja
Brasoveanu, Iulian Viorel
Dumitrescu, Bogdan
SUSTAINABILITY, 2018, 10 (07)
[15] Empirical Evidence of Tourism-Led Economic Growth in European Countries
Lee, Jung-Wan
CHALLENGES AND OPPORTUNITIES OF GLOBAL BUSINESS IN THE NEW MILLENNIUM: CONTEMPORARY ISSUES AND FUTURE TRENDS, 2011, 20 : 450 - 457
[16] Economic development and culture: Empirical evidence from 16 European countries
Rego, A
Tavares, A
INTERNATIONAL JOURNAL OF PSYCHOLOGY, 2004, 39 (5-6) : 358 - 358
[17] The effect of ICT on schools’ efficiency: Empirical evidence on 23 European countries
Mergoni A.
Soncin M.
Agasisti T.
Omega (United Kingdom), 2023, 119
[18] Globalization and Labor Demand Elasticities: Empirical Evidence from Nine OECD Countries
Seo, Hwan-Joo
Kim, Han Sung
Lee, Young Soo
KOREAN ECONOMIC REVIEW, 2015, 31 (02): : 413 - 439
[19] Do trade agreements contribute to the decline in labor share? Evidence from Latin American countries
Gonzalez-Rozada, Martin
Ruffo, Hernan
WORLD DEVELOPMENT, 2024, 177
[20] Unemployment Impact of Product and Labor Market Regulation: Evidence from European Countries
Piton, Celine
Rycx, Francois
IZA JOURNAL OF LABOR POLICY, 2019, 9 (01):

← 1 2 3 4 5 →