We provide new estimates of the elasticity of capital-labor substitution (?) and the bias in technical change allowing price markups to change over time as shown in De Loecker and Eeckhout (2017). Our estimate of ? is in the region of 0.8 and technical change is net capital-augmenting
URL des Cahiers : https://halshs.archives-ouvertes.fr/CAHIERS-MSECahiers de la MSE 2005.05 - Série B...
We show that the large elasticity of substitution between capital and labor estimated in the literat...
We investigate the decline of the labour share in a world characterized by increasing heterogeneity ...
In CES production functions, the magnitude of the elasticity of substitution between capital and l...
This paper, instrumented with six theorems, shows that differences between firms in labor productivi...
We explore the role of the elasticity of substitution between capital and labor (σ) in misallocation...
We address a contention regarding capital deepening when the labor share of income declines and the ...
The economics literature emphasizes the importance of the elasticity of substitution between capital...
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Doug...
This study estimates the elasticity of substitution between capital and labour as well as rates of f...
How does technical change affect real factor prices? This paper gives a comprehensive answer for the...
I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using da...
We solve the standard production function with constant elasticity of substitution (CES) for its lab...
We estimate the extent of factor bias in technical changes consistent with observed changes in skill...
URL des Cahiers : https://halshs.archives-ouvertes.fr/CAHIERS-MSECahiers de la MSE 2005.05 - Série B...
We show that the large elasticity of substitution between capital and labor estimated in the literat...
We investigate the decline of the labour share in a world characterized by increasing heterogeneity ...
In CES production functions, the magnitude of the elasticity of substitution between capital and l...
This paper, instrumented with six theorems, shows that differences between firms in labor productivi...
We explore the role of the elasticity of substitution between capital and labor (σ) in misallocation...
We address a contention regarding capital deepening when the labor share of income declines and the ...
The economics literature emphasizes the importance of the elasticity of substitution between capital...
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Doug...
This study estimates the elasticity of substitution between capital and labour as well as rates of f...
How does technical change affect real factor prices? This paper gives a comprehensive answer for the...
I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using da...
We solve the standard production function with constant elasticity of substitution (CES) for its lab...
We estimate the extent of factor bias in technical changes consistent with observed changes in skill...
URL des Cahiers : https://halshs.archives-ouvertes.fr/CAHIERS-MSECahiers de la MSE 2005.05 - Série B...
We show that the large elasticity of substitution between capital and labor estimated in the literat...
We investigate the decline of the labour share in a world characterized by increasing heterogeneity ...
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