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- W37189077 abstract "The paper discusses the drastic decline in the labour share which took place in Finland during the 1990s. It examines whether the low level of the labour share can be regarded as a new equilibrium level or whether it is an indication of macroeconomic disequilibrium. The concept of ELIS (equilibrium labour income share) employed by Draper and Huizinga (2000) is used in the characterisation of the level of the labour share. The paper emphasises that the low level of the labour share is, like the high level of the unemployment rate, an indication of disequilibrium. During the coming years the share can, therefore, increase without threatening the macroeconomic equilibrium." @default.
- W37189077 created "2016-06-24" @default.
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- W37189077 date "2005-09-16" @default.
- W37189077 modified "2023-09-23" @default.
- W37189077 title "Is the Labour Share Too Low in Finland?" @default.
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- W37189077 doi "https://doi.org/10.1007/3-7908-1598-5_11" @default.
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