Arbeitspapier
Demographic Change and the Labour Share of Income
Despite similar levels of per capita income, education, and technology the development of labour shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. Employing an overlapping generations model we first examine the mechanisms through which demographic change can affect labour shares. Model simulations show that demographic effects on the labour share are larger in open than in closed economies. Empirical estimates, conducted using panel cointegration techniques for a panel of 18 OECD countries, provide strong support for demographic effects on the labour share. In line with the simulation results, we also find evidence that openness increases this impact.
- Sprache
-
Englisch
- ISBN
-
978-3-86788-185-2
- Erschienen in
-
Series: Ruhr Economic Papers ; No. 165
- Klassifikation
-
Wirtschaft
Aggregate Factor Income Distribution
Demographic Economics: General
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
Labour share
demographic change
panel cointegration
Lohnquote
Bevölkerungsökonomie
Overlapping Generations
Offene Volkswirtschaft
Theorie
Schätzung
Bevölkerungsentwicklung
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schmidt, Torsten
Vosen, Simeon
- Ereignis
-
Veröffentlichung
- (wer)
-
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (wo)
-
Essen
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Schmidt, Torsten
- Vosen, Simeon
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Entstanden
- 2010
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