On the labor share the long-run equilibrium and its adjustment process

Detalhes bibliográficos
Autor(a) principal: Costa, Eduardo Polena Pacheco Araújo
Data de Publicação: 2016
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/16481
Resumo: This research computes an Equilibrium Labor Share using a VECM for a panel of 19 countries, analyzes what determines the speed at which the labor share adjusts towards that equilibrium and decomposes this adjustment in terms of real wages and employment. Results suggest that the speed at which a country adjusts decreases with employment protection legislation and labor taxes. Most countries’ labor shares adjustment is made through real wages changes instead of changing employment, suggesting that wage moderation policies may play an important role on the adjustment process without harming employment. Keywords: Equilibrium
id RCAP_367b323ca5342f348ca1974fa674457a
oai_identifier_str oai:run.unl.pt:10362/16481
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling On the labor share the long-run equilibrium and its adjustment processEquilibrium labor shareReal wagesUnemploymentVECMDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis research computes an Equilibrium Labor Share using a VECM for a panel of 19 countries, analyzes what determines the speed at which the labor share adjusts towards that equilibrium and decomposes this adjustment in terms of real wages and employment. Results suggest that the speed at which a country adjusts decreases with employment protection legislation and labor taxes. Most countries’ labor shares adjustment is made through real wages changes instead of changing employment, suggesting that wage moderation policies may play an important role on the adjustment process without harming employment. Keywords: EquilibriumFreitas, Miguel Lebre deNunes, Luís CatelaRUNCosta, Eduardo Polena Pacheco Araújo2016-02-18T15:39:07Z2016-012016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/16481TID:201475090enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:53:30Zoai:run.unl.pt:10362/16481Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:23:17.350554Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv On the labor share the long-run equilibrium and its adjustment process
title On the labor share the long-run equilibrium and its adjustment process
spellingShingle On the labor share the long-run equilibrium and its adjustment process
Costa, Eduardo Polena Pacheco Araújo
Equilibrium labor share
Real wages
Unemployment
VECM
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short On the labor share the long-run equilibrium and its adjustment process
title_full On the labor share the long-run equilibrium and its adjustment process
title_fullStr On the labor share the long-run equilibrium and its adjustment process
title_full_unstemmed On the labor share the long-run equilibrium and its adjustment process
title_sort On the labor share the long-run equilibrium and its adjustment process
author Costa, Eduardo Polena Pacheco Araújo
author_facet Costa, Eduardo Polena Pacheco Araújo
author_role author
dc.contributor.none.fl_str_mv Freitas, Miguel Lebre de
Nunes, Luís Catela
RUN
dc.contributor.author.fl_str_mv Costa, Eduardo Polena Pacheco Araújo
dc.subject.por.fl_str_mv Equilibrium labor share
Real wages
Unemployment
VECM
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Equilibrium labor share
Real wages
Unemployment
VECM
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This research computes an Equilibrium Labor Share using a VECM for a panel of 19 countries, analyzes what determines the speed at which the labor share adjusts towards that equilibrium and decomposes this adjustment in terms of real wages and employment. Results suggest that the speed at which a country adjusts decreases with employment protection legislation and labor taxes. Most countries’ labor shares adjustment is made through real wages changes instead of changing employment, suggesting that wage moderation policies may play an important role on the adjustment process without harming employment. Keywords: Equilibrium
publishDate 2016
dc.date.none.fl_str_mv 2016-02-18T15:39:07Z
2016-01
2016-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/16481
TID:201475090
url http://hdl.handle.net/10362/16481
identifier_str_mv TID:201475090
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799137869944586240

Registros relacionados