Why labor income shares seem to be constant?
The common assumptions that labor income share does not change over time or across countries and that factor income shares are equal to the elasticity of output with respect to factors have had important implications for economic theory. However, there are various theoretical reasons why the elastic...
|Formato:||Documento de trabajo (Working Paper)|
Universidad del Rosario
|Acceso en línea:||http://repository.urosario.edu.co/handle/10336/10853|