| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28747 |
| 来源ID | Working Paper 28747 |
| Revisiting Capital-Skill Complementarity, Inequality, and Labor Share | |
| Lee E. Ohanian; Musa Orak; Shihan Shen | |
| 发表日期 | 2021-05-03 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper revisits capital-skill complementarity and inequality, as in Krusell, Ohanian, Rios-Rull and Violante (KORV, 2000). Using their methodology, we study how well the KORV model accounts for more recent data, including the large changes in labor’s share of income that were not present in KORV. We study both labor share of gross income (as in KORV), and income net of depreciation. We also use non-farm business sector output as an alternative measure of production to real GDP. We find strong evidence for continued capital-skill complementarity in the most recent data, and that the model continues to closely account for the skill premium. The model captures the average level of labor share, though it overpredicts its level by 2-4 percentage points at the end of the period. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Labor Compensation ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w28747 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586421 |
| 推荐引用方式 GB/T 7714 | Lee E. Ohanian,Musa Orak,Shihan Shen. Revisiting Capital-Skill Complementarity, Inequality, and Labor Share. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28747.pdf（1003KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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