FIRM DYNAMICS, ENDOGENOUS MARKUPS, AND THE LABOR SHARE OF INCOME

Recent U.S. evidence suggests that the response of labor share to a productivity shock is characterized by countercyclicality and overshooting. These findings cannot be reconciled easily with existing business cycle models. We extend the Diamond–Mortensen–Pissarides model of search in the labor mark...

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Veröffentlicht in:	Macroeconomic dynamics 2015-09, Vol.19 (6), p.1309-1331
Hauptverfasser:	Colciago, Andrea, Rossi, Lorenza
Format:	Artikel
Sprache:	eng
Schlagworte:	Bargaining Business cycles Economic models Economic theory Growth models Labor market Labor productivity Macroeconomics Monopolistic competition Studies Wages & salaries
Online-Zugang:	Volltext
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