Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/208285
Authors: 
Charpe, Matthieu
Bridji, Slim
McAdam, Peter
Year of Publication: 
2019
Series/Report no.: 
ECB Working Paper 2251
Abstract: 
This paper establishes some stylized facts of the long run relationship between growth and labor shares using historical data for the United States (1898-2010), the United Kingdom (1856-2010), and France (1896-2010). Performing individual country time-frequency analysis, we demonstrate the existence of long-term cycles in labor share of thirty to fifty years explaining a major part of the variance in the data. Further, the impact of labor share on growth changes sign with the frequency considered from negative at high frequencies to positive at low frequencies. Finally, the positive coefficient associated with the labor share at low frequencies increases
Subjects: 
Labor share
growth
income distribution
wavelet analysis
JEL: 
E24
E25
N1
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-3513-5
Document Type: 
Working Paper

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