Advanced search
Publication Cover
Applied Economics Volume 51, 2019 - Issue 43
Submit an article Journal homepage
181
Views
1
CrossRef citations to date
0
Altmetric
Articles

The labour income share and the relative price of investment in the US: an empirical investigation

Edouard WemyDepartment of Economics, Clark University, Worcester, MA, USACorrespondence[email protected]
View further author information
Pages 4711-4725 | Published online: 21 Apr 2019

References

  • Acemoglu, D., and D. Autor. 2011. “Skills, Tasks and Technologies: Implications for Employment and Earnings.” Handbook of Labor Economics 4 (12): 1043–1171.
  • Bai, J., and P. Perron. 1998. “Estimating and Testing Linear Models with Multiple Structural Changes.” Econometrica 66 (1): 47–78.
  • Bai, J., and P. Perron. 2003. “Computation and Analysis of Multiple Structural Change Models.” Journal of Applied Econometrics 18 (1): 1–22.
  • Benati, L. 2013. “Do TFP and the Relative Price of Investment Share a Common I(1) Component?” Journal of Economic Dynamics and Control 45: 239–261.
  • Cochrane, J. H., and A. M. Sbordone. 1988. “Multivariate Estimates of the Permanent Components of GNP and Stock Prices.” Journal of Economic Dynamics and Control 12: 255–296.
  • Cooley, T. F., and E. C. Prescott. 1995. Frontiers of Business Cycle Research. Princeton: Princeton University Press.
  • Cummins, J. G., and G. L. Violante. 2002. “Investment-Specific Technical Change in the United States (1947–2000): Measurement and Macroeconomic Consequences.” Review of Economic Dynamics 5: 243–284.
  • Elsby, M., B. Hobijn, and Ş. Ayşegul. 2013. “The Decline of the U.S. Labor Share.” Brookings Papers on Economic Activity Fall.
  • Fisher, J. 2006. “The Dynamic Effects of Neutral and Investment-Specific Technology Shocks.” Journal of Political Economy 114 (3): 413–451.
  • Gomme, P., and P. Rupert. 2004. “Measuring Labor’s Share of Income.” Policy Discussion Papers 7, Federal Reserve Bank of Cleveland.
  • Jovanovic, B., and P. L. Rousseau. 2005. “General Purpose Technologies.” Handbook of Economic Growth 1.B (18): 1182–1221.
  • Justiniano, A., G. E. Primiceri, and A. Tambalotti. 2011. “Investment Shocks and the Relative Price of Investment.” Review of Economic Dynamics 14 (1): 101–121.
  • Kaldor, N. 1957. “A Model of Economic Growth.” The Economic Journal 268 (7): 591–624.
  • Karabarbounis, L., and B. Neiman. 2014. “The Global Decline of the Labor Share.” The Quarterly Journal Of Economics 129 (1): 61–103.
  • Krueger, A. B. 1999. “Measuring Labor’s Share.” American Economic Review 89: 45–51.
  • Liu, J., W. Shiying, and J. Zidek. 1997. “On Segmented Multivariate Regression.” Statistica Sinica 7: 497–525.
  • Ríos-Rull, J. V., and S.-L. Raül. 2010. “Redistributive Shocks and Productivity Shocks.” Journal of Monetary Economics 57: 931–948.
  • Schmitt-Grohé, S., and M. Uribe. 2011. “Business Cycles with a Common Trend in Neutral and Investment-Specific Productivity.” Review of Economic Dynamics 14: 122–135.
  • Zhongjun, Q., and P. Perron. 2007. “Estimating and Testing Structural Changes in Multivariate Regressions.” Econometrica 75 (2): 459–502.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.