The Decline of the Labor Share: New Empirical Evidence
The Decline of the Labor Share: New Empirical Evidence
复制标题
劳动份额的下降：新的经验证据
DOI：
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发表时间：
2022
期刊：
影响因子：
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通讯作者：
Nicolò Maffei
中科院分区：
文献类型：
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作者：
Drago Bergholt;F. Furlanetto;Nicolò Maffei
我们使用时间序列技术来估计美国劳动收入份额下降的四个主要解释的重要性：公司加价上升，工人讨价还价能力下降，特定于投资的技术增长更高，以及生产过程更加自动化。识别是通过结构变化的风格化模型得出的限制来实现的。我们的结果表明，自动化是劳动力份额的主要驱动力，尽管不断上升的加价在过去20年中发挥了重要作用。我们还发现了资本-劳动互补的证据，表明资本深化可能提高了劳动力份额。(JEL D21、D43、E25、J51、L23、O33、O41)
We use time series techniques to estimate the importance of four main explanations for the decline of the US labor income share: rising firm markups, falling bargaining power of workers, higher investment-specific technology growth, and more automated production processes. Identification is achieved with restrictions derived from a stylized model of structural change. Our results point to automation as the main driver of the labor share, although rising markups have played an important role in the last 20 years. We also find evidence of capital-labor complementarity, suggesting that capital deepening may have raised the labor share. (JEL D21, D43, E25, J51, L23, O33, O41)
影响因子：
8.2
作者：
Acemoglu, Daron;Restrepo, Pascual
通讯作者：
Restrepo, Pascual