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

dc.contributor.author	Manera, C.
dc.contributor.author	Navinés, F.
dc.contributor.author	Pérez, J.
dc.contributor.author	Franconetti, J.
dc.date.accessioned	2024-01-17T08:14:58Z
dc.identifier.uri	http://hdl.handle.net/11201/163770
dc.description.abstract	We argue that in the US there is a causal relationship runningunidirectionally from negative shocks in capital productivity tonegative variations in the wage share. We sustain that, facedwith a capital productivity decrease, the US firm sector pusheswages down to maximize the rate of profit. Through asym-metric SVAR techniques that are robust to endogeneity andstructural breaks; we show that decreases in capital productiv-ity unidirectionally cause decreases in the wage share. Weoffer some possible explanations for that
dc.format	application/pdf
dc.relation.isformatof
dc.relation.ispartof	Journal of Post Keynesian Economics, 2022, vol. 45, num. 3, p. 429-453
dc.rights	, 2022
dc.subject.classification	33 - Economia
dc.subject.other	33 - Economics. Economic science
dc.title	Capital productivity and the decreasing wageshare in the United States: a Keynesian Approach
dc.type	info:eu-repo/semantics/article
dc.date.updated	2024-01-17T08:14:58Z
dc.date.embargoEndDate	info:eu-repo/date/embargoEnd/2100-01-01
dc.embargo	2100-01-01
dc.rights.accessRights	info:eu-repo/semantics/embargoedAccess