Labour Hoarding and the Wage Share: Test of a Hypothesis

The authors seek to build on the work of Bail and St. Cyr, Smith and Ireland, Solow, and others, in order to estimate the assessment of labour hoarding and test the relationship between labour hoarding and the wage share. On observe généralement que les parts distributives du revenu national varient selon la conjoncture. En particulier, la part des profits a tendance à suivre le cycle économique, alors que celle des salaires subit des …