Capital Share Dynamics When Firms Insure Workers

Although the aggregate capital share of U.S. firms has increased, capital share at the firm-level has decreased. This divergence is due to mega-firms that produce a larger output share without a proportionate increase in labor compensation. We develop a model in which firms insure workers against fi...

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Veröffentlicht in:	The Journal of finance (New York) 2019-08, Vol.74 (4), p.1707-1751
Hauptverfasser:	HARTMAN-GLASER, BARNEY, LUSTIG, HANNO, XIAOLAN, MINDY Z.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital stock Companies Compensation Insurance Rents Stockholders Workers
Online-Zugang:	Volltext
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