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dc.contributor.authorBerthold, Norberten_US
dc.contributor.authorFehn, Raineren_US
dc.contributor.authorThode, Ericen_US
dc.date.accessioned2009-10-20en_US
dc.date.accessioned2010-05-20T13:47:36Z-
dc.date.available2010-05-20T13:47:36Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/32501-
dc.description.abstractThe literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run consequences of institutional shocks on capital formation and employment. It is shown that the usual trade off between employment and wages disappears in the long run. In line with an appropriation model, the estimated values for the long-run elasticities of substitution between capital and labor for Germany and France are substantially greater than one.en_US
dc.language.isoengen_US
dc.publisherBayerische Julius-Maximilians-Univ., Wirtschaftswiss. Fak. Würzburgen_US
dc.relation.ispartofseriesWirtschaftswissenschaftliche Beiträge des Lehrstuhls für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik, Universität Würzburg 30en_US
dc.subject.jelE23en_US
dc.subject.jelE24en_US
dc.subject.jelE25en_US
dc.subject.jelJ6en_US
dc.subject.jelO3en_US
dc.subject.ddc330en_US
dc.subject.keywordUnemploymenten_US
dc.subject.keywordInstitutional Shocksen_US
dc.subject.keywordAppropriationen_US
dc.subject.keywordElasticity of Substitutionen_US
dc.subject.keywordTechnical Changeen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwLohnquoteen_US
dc.subject.stwSchocken_US
dc.subject.stwArbeitsmarkten_US
dc.subject.stwInstitutioneller Wandelen_US
dc.subject.stwFaktorsubstitutionen_US
dc.subject.stwKapitalintensitäten_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwTheorieen_US
dc.titleFalling labor share and rising unemployment: long-run consequences of institutional shocks?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn305716891en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewwb:30-
Appears in Collections:Wirtschaftswissenschaftliche Beiträge, Lst. f. VWL, insb. Wirtschaftsordnung u. Sozialpolitik, Universität Würzburg

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