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Why labor income shares seem to be constant?

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dc.creatorZuleta, Hernando
dc.date.accessioned2015-09-21T18:06:58Z
dc.date.available2015-09-21T18:06:58Z
dc.date.created2007
dc.date.issued2007
dc.description.abstractThe 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 elasticity of output with respect to reproducible factors should be correlated with the stage of development. In particular, the behavior of international trade and capital flows and the existence of factor saving innovations imply such a correlation. If this correlation exists and if factor income shares are equal to the elasticity of output with respect to factors then the labor income share must be negatively correlated with the stage of development. We propose an explanation for why labor income share has no correlation with income per capita: the existence of a labor intensive sector which produces non tradable goods.eng
dc.format.extent13 páginasspa
dc.format.mediumRecurso electrónicospa
dc.format.mimetypeapplication/pdf
dc.format.tipoDocumentospa
dc.identifier.citationZuleta, H. (2007). Why labor income shares seem to be constant? Bogotá: Universidad del Rosario.
dc.identifier.doihttps://doi.org/10.48713/10336_10853
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/10853
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationIssueNo. 15
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.ispartofSerie documentos de trabajo. No 15 (Marzo 2007)spa
dc.relation.urihttps://ideas.repec.org/p/col/000092/003779.html
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto completo)spa
dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombiaspa
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dc.source.bibliographicCitationZuleta, H. (2006) ‘Factor Saving Innovations and Factor Income Shares’ Working Paper, Universidad del Rosario. http://econpapers.repec.org/paper/col001070/002778.htm
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.ddcEconomía laboral
dc.subject.keywordFactor Income Shareseng
dc.subject.keywordElasticity of output with respect to factorseng
dc.subject.keywordtwo sector modeleng
dc.subject.lembEconomía laboralspa
dc.subject.lembProducción::Aspectos Económicosspa
dc.subject.lembModelos económicosspa
dc.subject.lembEconomíaspa
dc.titleWhy labor income shares seem to be constant?spa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaDocumento de trabajospa
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