Re-measuring labor's share
Measuring labor's share of an economy's aggregate income seems straightforward, at least in principle. Count up wage and salary income, along with the value of benefits provided to employees, and divide it by total income. However, one fundamental concept of labor's share in macroecon...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2008
- Institución:
- Universidad del Rosario
- Repositorio:
- Repositorio EdocUR - U. Rosario
- Idioma:
- spa
- OAI Identifier:
- oai:repository.urosario.edu.co:10336/10949
- Acceso en línea:
- https://doi.org/10.48713/10336_10949
http://repository.urosario.edu.co/handle/10336/10949
- Palabra clave:
- Economía laboral
Economía del trabajo
Rentas
Costos de mano de obra
Costos de producción
- Rights
- License
- http://purl.org/coar/access_right/c_abf2
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Re-measuring labor's shareEconomía laboralEconomía del trabajoRentasCostos de mano de obraCostos de producciónMeasuring labor's share of an economy's aggregate income seems straightforward, at least in principle. Count up wage and salary income, along with the value of benefits provided to employees, and divide it by total income. However, one fundamental concept of labor's share in macroeconomic theory is not the amount of aggregate income paid out to labor. Rather, it is the share of aggregate production that is attributable to "raw" units of labor. Or, otherwise stated, it is the share of aggregate income that would have been paid to laborers if they had no accumulated stocks of human capital.1 This share corresponds to an aggregate production function parameter: the elasticity of output with respect to physical (i.e. non-augmented or raw) units of labor (Robert Solow, 1957). In this paper we estimate annual raw labor’s share for the US, 1949 to 1996.Universidad del RosarioFacultad de Economía20082015-10-02T16:41:59Zinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_804218 páginasRecurso electrónicoapplication/pdfDocumentohttps://doi.org/10.48713/10336_10949 http://repository.urosario.edu.co/handle/10336/10949instname:Universidad del Rosarioinstname:Universidad del Rosarioreponame:Repositorio Institucional EdocURspahttps://ideas.repec.org/p/col/000092/004674.htmlhttp://purl.org/coar/access_right/c_abf2Young, Andrew T.Zuleta, Hernandooai:repository.urosario.edu.co:10336/109492021-06-03T00:46:35Z |
dc.title.none.fl_str_mv |
Re-measuring labor's share |
title |
Re-measuring labor's share |
spellingShingle |
Re-measuring labor's share Economía laboral Economía del trabajo Rentas Costos de mano de obra Costos de producción |
title_short |
Re-measuring labor's share |
title_full |
Re-measuring labor's share |
title_fullStr |
Re-measuring labor's share |
title_full_unstemmed |
Re-measuring labor's share |
title_sort |
Re-measuring labor's share |
dc.subject.none.fl_str_mv |
Economía laboral Economía del trabajo Rentas Costos de mano de obra Costos de producción |
topic |
Economía laboral Economía del trabajo Rentas Costos de mano de obra Costos de producción |
description |
Measuring labor's share of an economy's aggregate income seems straightforward, at least in principle. Count up wage and salary income, along with the value of benefits provided to employees, and divide it by total income. However, one fundamental concept of labor's share in macroeconomic theory is not the amount of aggregate income paid out to labor. Rather, it is the share of aggregate production that is attributable to "raw" units of labor. Or, otherwise stated, it is the share of aggregate income that would have been paid to laborers if they had no accumulated stocks of human capital.1 This share corresponds to an aggregate production function parameter: the elasticity of output with respect to physical (i.e. non-augmented or raw) units of labor (Robert Solow, 1957). In this paper we estimate annual raw labor’s share for the US, 1949 to 1996. |
publishDate |
2008 |
dc.date.none.fl_str_mv |
2008 2015-10-02T16:41:59Z |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/workingPaper |
dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_8042 |
dc.identifier.none.fl_str_mv |
https://doi.org/10.48713/10336_10949 http://repository.urosario.edu.co/handle/10336/10949 |
url |
https://doi.org/10.48713/10336_10949 http://repository.urosario.edu.co/handle/10336/10949 |
dc.language.none.fl_str_mv |
spa |
language |
spa |
dc.relation.none.fl_str_mv |
https://ideas.repec.org/p/col/000092/004674.html |
dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
rights_invalid_str_mv |
http://purl.org/coar/access_right/c_abf2 |
dc.format.none.fl_str_mv |
18 páginas Recurso electrónico application/pdf Documento |
dc.publisher.none.fl_str_mv |
Universidad del Rosario Facultad de Economía |
publisher.none.fl_str_mv |
Universidad del Rosario Facultad de Economía |
dc.source.none.fl_str_mv |
instname:Universidad del Rosario instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR |
instname_str |
Universidad del Rosario |
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Universidad del Rosario |
reponame_str |
Repositorio Institucional EdocUR |
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Repositorio Institucional EdocUR |
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1803710404841439232 |