Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32501 
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dc.contributor.authorBerthold, Norberten
dc.contributor.authorFehn, Raineren
dc.contributor.authorThode, Ericen
dc.date.accessioned2009-10-20-
dc.date.accessioned2010-05-20T13:47:36Z-
dc.date.available2010-05-20T13:47:36Z-
dc.date.issued1999-
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
dc.language.isoengen
dc.publisher|aBayerische Julius-Maximilians-Universität Würzburg, Lehrstuhl für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik |cWürzburgen
dc.relation.ispartofseries|aWirtschaftswissenschaftliche Beiträge |x30en
dc.subject.jelE23en
dc.subject.jelE24en
dc.subject.jelE25en
dc.subject.jelJ6en
dc.subject.jelO3en
dc.subject.ddc330en
dc.subject.keywordUnemploymenten
dc.subject.keywordInstitutional Shocksen
dc.subject.keywordAppropriationen
dc.subject.keywordElasticity of Substitutionen
dc.subject.keywordTechnical Changeen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwLohnquoteen
dc.subject.stwSchocken
dc.subject.stwArbeitsmarkten
dc.subject.stwInstitutioneller Wandelen
dc.subject.stwFaktorsubstitutionen
dc.subject.stwKapitalintensitäten
dc.subject.stwWirtschaftswachstumen
dc.subject.stwTheorieen
dc.titleFalling labor share and rising unemployment: Long-run consequences of institutional shocks?-
dc.typeWorking Paperen
dc.identifier.ppn820653020en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wuewwb:30en

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