Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

The Medium Run Revisited: An Alternative Perspective on Labour Share Developments in European and Anglo-Saxon Countries

Kunath, Gero LU (2023) NEKN01 20222
Department of Economics
Abstract
This thesis revisits one of the most prominent contributions to the literature on labour income shares by \citet{blanchard1997} and offers an alternative perspective on the developments in European and Anglo-Saxon countries between 1970 and 2019. Labour shares in both groups of countries declined resulting from changes in relative factor prices and quantities. I find that changes in relative factor prices were mainly driven by profit rate dynamics in both groups of countries. My empirical analysis identifies technical change and bargaining power of workers as determinants. Based on the contrasting developments of these determinants in European and Anglo-Saxon countries, I develop my own assessment of relative factor price and labour share... (More)
This thesis revisits one of the most prominent contributions to the literature on labour income shares by \citet{blanchard1997} and offers an alternative perspective on the developments in European and Anglo-Saxon countries between 1970 and 2019. Labour shares in both groups of countries declined resulting from changes in relative factor prices and quantities. I find that changes in relative factor prices were mainly driven by profit rate dynamics in both groups of countries. My empirical analysis identifies technical change and bargaining power of workers as determinants. Based on the contrasting developments of these determinants in European and Anglo-Saxon countries, I develop my own assessment of relative factor price and labour share developments in both groups of countries. (Less)
Please use this url to cite or link to this publication:
author
Kunath, Gero LU
supervisor
organization
course
NEKN01 20222
year
type
H1 - Master's Degree (One Year)
subject
keywords
labour income share, European, Anglo-Saxon, factor prices, factor quantities
language
English
id
9113508
date added to LUP
2023-06-19 10:09:51
date last changed
2023-06-19 10:09:51
@misc{9113508,
  abstract     = {{This thesis revisits one of the most prominent contributions to the literature on labour income shares by \citet{blanchard1997} and offers an alternative perspective on the developments in European and Anglo-Saxon countries between 1970 and 2019. Labour shares in both groups of countries declined resulting from changes in relative factor prices and quantities. I find that changes in relative factor prices were mainly driven by profit rate dynamics in both groups of countries. My empirical analysis identifies technical change and bargaining power of workers as determinants. Based on the contrasting developments of these determinants in European and Anglo-Saxon countries, I develop my own assessment of relative factor price and labour share developments in both groups of countries.}},
  author       = {{Kunath, Gero}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Medium Run Revisited: An Alternative Perspective on Labour Share Developments in European and Anglo-Saxon Countries}},
  year         = {{2023}},
}