The labour-share decrease and the technological-knowledge increase

• Type: Article in International Scientific Journal
• Date: 2020

Authors

Óscar Afonso (Author) FEP; Almeida, C (Author) Other; vasconcelos, pb (Author) FEP

Journal

Title: Applied Economics Letters

Vol. 27 No. 12

Pages: 982- 986

ISSN: 1350-4851

Publisher: Taylor & Francis

Indexing

ISI Web of Knowledge - 2 Citations

Scopus - 2 Citations

Other information

Authenticus ID: P-00Q-ZTD

DOI: 10.1080/13504851.2019.1650883

Abstract (EN): We extend the R&D-growth literature by considering an endogenous labour share of the aggregate income to analyse the effects on macroeconomic aggregates. Up to the stable and unique steady-state, the share of skilled workers in the R&D sector first has an instantaneous drop and then starts to increase, the economic-growth rate and the skill-premium increase, and the labour share of the aggregate income decreases due to automation. © 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.

Language: English

Type (Professor's evaluation): Scientific