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RESEARCH SEMINAR 13/04/22: ''LABOUR SHARES IN THE EU: CROSS-COUNTRY HETEROGENEITY AND CROSS-SECTIONAL DEPENDENCE'' (BY ILIAS KOSTARAKOS)

Τετάρτη 13 Απριλίου 2022
Research Seminar 13/04/22: ''Labour Shares in the EU: Cross-Country Heterogeneity and Cross-Sectional Dependence'' (by Ilias Kostarakos)

Research Seminar Series in Economic Sciences, 2021-2022

Speaker: Ilias Kostarakos, Economic Analyst at the European Commission’s Joint Research Centre in Seville

Webpage: https://sites.google.com/site/ikostarakos/home

Title: Labour Shares in the EU: Cross-Country Heterogeneity and Cross-Sectional Dependence

 

Date & Time: Wednesday, April 13th, 2022, 19:00 - 20:30  

Webex Link: https://uoa.webex.com/uoa/j.php?MTID=m6f2d44769f2375bf2090852c432d9ac6

Url: http://www.econ.uoa.gr/ereynhtika-seminaria-research-seminars.html

 

Abstract:  The long-run stability of the labour share of income, a key component of modern macroeconomic analysis, has recently been challenged. This paper shows that the labour share in the EU followed an upward trend over the last 25 years; however, this EU-wide trend masks a large degree of heterogeneity. Moreover, using recently developed panel time series estimators that account for parameter heterogeneity and the impact of global common shocks, it empirically assesses the impact of various proposed determinants of the labour share. The empirical results indicate that capital deepening cannot explain the observed trends of the labour share. Moreover, they lend support to theories based on the impact of government activity and market concentration.

 

Organizers: Dimitris Kenourgios, Professor

                      George Dotsis, Assoc. Professor

                      Frago Kourandi, Assist. Professor