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DTSTART:20250330T010000
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DTSTART;TZID=Europe/Helsinki:20250331T121500
DTEND;TZID=Europe/Helsinki:20250331T133000
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SUMMARY:Paraskevi PAPPA (Universidad Carlos III de Madrid) "Understanding the Transatlantic Divide in Labor Income Shares"
DESCRIPTION:[vc_row][vc_column][vc_column_text]Macro seminar\nTime : 12h15 – 13h30 \nDate : 31th  March 2025 \nSalle 3001 \nParaskevi PAPPA (Universidad Carlos III de Madrid) “Understanding the Transatlantic Divide in Labor Income Shares” \nAbstract: This paper analyzes medium-to-long-term labor share trends in the US and major Euro Area countries from 1960 using a panel vector autoregression model with common trends and theory-based sign restrictions. We find distinct patterns across the Atlantic: Europe saw a rise in labor share until the 1980s\, followed by a large decline over the next two decades\, stabilizing at a lower level after 2000. In contrast\, the US experienced a sharp decline starting in 2000. In Europe\, labor market institutions\, like higher bargaining power of workers\, before the 1980s and increased labor supply thereafter—explain the decline. In the US\, labor-saving technological factors\, particularly automation\, rather than globalization\, have played a key role in the labor share decline.  \nJoint work : Drago Bergholt\, Francesco Furlanetto\, Nicolo Maffei-Faccioli and \n
URL:https://crest.science/event/paraskevi-pappa-universidad-carlos-iii-de-madrid-t-b-a/
CATEGORIES:Macroeconomics,Seminars
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