The Cobb-Douglas Production Function and the Old Bowley's Law
Bowley's law, also referred to as the law of the constant wage share, was a noteworthy empirical finding in economics, suggesting that a nation's wage share tended to remain stable over time, as observed through most of the 20th century. The wage share represents the proportion of a countr...
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| Veröffentlicht in: | Symmetry, integrability and geometry, methods and applications integrability and geometry, methods and applications, 2024-05 |
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| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
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