Golden rules for wages
We consider a decentralized version of the neoclassical growth model where labor share is chosen by workers to maximize their long run (permanent) wages. In this framework, if the labor share increases relative to the competitive share, workers capture a larger share of a smaller total income in the...
Autores Principales: | , |
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Formato: | Desconocido (Unknown) |
Lenguaje: | Inglés (English) |
Publicado: |
Universidad de los Andes, Facultad de Economía, CEDE
2018
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Materias: | |
Acceso en línea: | http://hdl.handle.net/1992/8435 |