The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration
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We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor share of national income. In a neoclassical growth model with endogenous human capital accumulation a la Ben Porath (1967) and capital-skill complementarity a la Grossman et al.
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美国国家经济研究局创建时间：
2017-09-01
