Arbeitspapier
The labour share of income: Heterogeneous causes for parallel movements?
The aim of this paper is to take a structured approach at estimating the coefficients of factors explaining movements of the labour share across countries. In particular, we focus on proper dynamic specification and test the validity of the homogeneity assumption of slope coefficients frequently implied in previous studies. We employ fixed effect estimators as well as pooled mean group and mean group estimators, the latter in a dynamic heterogeneous panel framework. We find support for a dynamic estimation setup and derive statements regarding the homogeneity assumption with respect to the three most prominent explanatory variables in the literature: the capital-output ratio, total factor productivity and trade openness. In addition, we take account of different institutional arrangements across countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 10-024
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Macroeconomics: Production
Aggregate Factor Income Distribution
Trade and Labor Market Interactions
- Thema
-
factor income
labour share
dynamic heterogeneous panel models
Lohnquote
Panel
Schätzung
Kapitalintensität
Produktivität
Außenhandelsliberalisierung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hogrefe, Jan
Kappler, Marcus
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hogrefe, Jan
- Kappler, Marcus
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2010
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