美国的资本生产率和工资份额的下降:一个凯恩斯主义的方法

IF 0.6 3区经济学 Q4 ECONOMICS

Journal of Post Keynesian Economics Pub Date : 2022-05-02 DOI:10.1080/01603477.2022.2068034

Carles Manera, F. Navinés, José A. Pérez-Montiel, Javier Franconetti

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引用次数: 2

摘要

摘要我们认为，在美国，资本生产率的负冲击与工资份额的负变化之间存在单向的因果关系。我们认为，面对资本生产率的下降，美国企业部门压低工资以使利润率最大化。通过对内生性和结构断裂具有鲁棒性的非对称SVAR技术;我们表明，资本生产率的下降单向地导致工资份额的下降。我们对此提供了一些可能的解释。

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Capital productivity and the decreasing wage share in the United States: a Keynesian Approach

Abstract We argue that in the US there is a causal relationship running unidirectionally from negative shocks in capital productivity to negative variations in the wage share. We sustain that, faced with a capital productivity decrease, the US firm sector pushes wages down to maximize the rate of profit. Through asymmetric SVAR techniques that are robust to endogeneity and structural breaks; we show that decreases in capital productivity unidirectionally cause decreases in the wage share. We offer some possible explanations for that.

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来源期刊

Journal of Post Keynesian Economics ECONOMICS-

CiteScore

1.70

自引率

10.00%

发文量

期刊介绍： The Journal of Post Keynesian Economics is a scholarly journal of innovative theoretical and empirical work that sheds fresh light on contemporary economic problems. It is committed to the principle that cumulative development of economic theory is only possible when the theory is continuously subjected to scrutiny in terms of its ability both to explain the real world and to provide a reliable guide to public policy.