Andrew Glover - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T13:32:17+00:00Demographic Origins of the Decline in Labor’s Share
https://www.bankofcanada.ca/2023/04/staff-working-paper-2023-20/
Declining labour market dynamism of workers results in an increasing wedge between their earnings and their marginal product as they age. This wedge and the demographic shift in the earnings shares of older workers can account for 59% of the decline in labor’s share of earnings in the United States.2023-04-13T10:49:28+00:00enDemographic Origins of the Decline in Labor’s Share2023-04-13Labour marketsProductivityStaff Working Paper 2023-20https://www.bankofcanada.ca/wp-content/uploads/2023/04/swp2023-20.pdfStaff Working Paper 2023-20Andrew GloverJacob ShortApril 2023DD3D33EE2E25JJ1J3J6J62Can Capital Deepening Explain the Global Decline in Labor’s Share?
https://www.bankofcanada.ca/2019/01/staff-working-paper-2019-3/
We estimate an aggregate elasticity of substitution between capital and labor near or below one, which implies that capital deepening cannot explain the global decline in labor's share. Our methodology derives from transition paths in the neo-classical growth model.2019-01-14T09:53:44+00:00enCan Capital Deepening Explain the Global Decline in Labor’s Share?2019-01-14Firm dynamicsInternational topicsLabour marketsStaff Working Paper 2019-3https://www.bankofcanada.ca/wp-content/uploads/2019/01/swp2019-3.pdfCan Capital Deepening Explain the Global Decline in Labor’s Share?Andrew GloverJacob ShortJanuary 2019EE1E13E2E22E25JJ3