FS IV 02 – 30 A Note on the Determinants of Labour Share Movements
نویسنده
چکیده
A Note on the Determinants of Labour Share Movements by Sebastian Kessing 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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