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pro vyhledávání: '"Matthias Kehrig"'
Autor:
Nicolas Vincent, Matthias Kehrig
Publikováno v:
The Quarterly Journal of Economics. 136:1031-1087
The labor share in U.S. manufacturing declined from 61% in 1967 to 41% in 2012. The labor share of the typical U.S. manufacturing establishment, in contrast, rose by over 3 percentage points during the same period. Using micro-level data, we document
Autor:
Matthias Kehrig
Publikováno v:
Journal of Monetary Economics. 97:22-28
Aum et al. (2018) quantify the impact of production complementarities and differential productivity growth across occupations and sectors on the slowdown of aggregate productivity growth. This note expands their work to study substitutability between
Autor:
Matthias Kehrig, Nicolas L. Ziebarth
Publikováno v:
American Economic Journal: Macroeconomics. 9:115-148
We find that oil supply shocks decrease average real wages, particularly skilled wages, and increase wage dispersion across regions, particularly unskilled wage dispersion. In a model with spatial energy intensity differences and nontradables, labor
Autor:
Matthias Kehrig, Nicolas Vincent
Dispersion in marginal revenue products of inputs across plants is commonly thought to reflect misallocation, i.e., dispersion is "bad." We document that most dispersion occurs across plants within rather than between firms. In a model of multi-plant
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d6b8592e9b5a6e6eabc51c2375cc5479
https://doi.org/10.3386/w25923
https://doi.org/10.3386/w25923
Autor:
Matthias Kehrig
Publikováno v:
SSRN Electronic Journal.
Aum, Lee, and Shin (2018) quantify the impact of production complementarities and differential productivity growth across occupations and sectors on the slowdown of aggregate productivity growth. This note expands their work to study substitutability
Autor:
Nicolas Vincent, Matthias Kehrig
Publikováno v:
SSRN Electronic Journal.
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980’s, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The
Publikováno v:
SSRN Electronic Journal.
Autor:
Matthias Kehrig, Nicolas Vincent
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Using a standard production model, we demonstrate theoretically that, even if labor is fully flexible, it generates a form of operating leverage if (a) wages are smoother than productivity and (b) the capital-labor elasticity of substitution is stric