Labor income share and imperfectly competitive product market
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Shim, Hyein | - |
dc.contributor.author | Chung, Chune Young | - |
dc.contributor.author | Ryu, Doojin | - |
dc.date.available | 2019-01-22T14:15:49Z | - |
dc.date.issued | 2018-01 | - |
dc.identifier.issn | 1935-1690 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/1367 | - |
dc.description.abstract | This study examines the long-run determinants of the income distribution between capital and labor in the Korean market, a leading emerging market. We develop a model of a special type of oligopolistic market, controlled by a group of dominant firms, and a general oligopolistic market, with heterogeneously sized firms. This model provides empirically testable implications related to the long-run determinants of the income distribution. Using two measures of the degree of market concentration, the k-firm concentration ratio (CRk) and the Hirschman-Herfindahl index (HHI), we find a negative association between these concentration measures (CRk and HHI) and the labor income share. In addition, analyzing a unique dataset of manufacturing firms based on five-and three-digit Korean Standard Industry Classifications from 2000 to 2011, we find a significantly negative relationship between the labor income share and the market concentration, which is consistent with the implications of the model. Overall, our results suggest that building a more competitive product market environment could alleviate national income inequality. | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | WALTER DE GRUYTER GMBH | - |
dc.title | Labor income share and imperfectly competitive product market | - |
dc.type | Article | - |
dc.identifier.doi | 10.1515/bejm-2016-0188 | - |
dc.identifier.bibliographicCitation | B E JOURNAL OF MACROECONOMICS, v.18, no.1 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.wosid | 000419373200009 | - |
dc.identifier.scopusid | 2-s2.0-85037649314 | - |
dc.citation.number | 1 | - |
dc.citation.title | B E JOURNAL OF MACROECONOMICS | - |
dc.citation.volume | 18 | - |
dc.type.docType | Article | - |
dc.publisher.location | 독일 | - |
dc.subject.keywordAuthor | imperfect competition | - |
dc.subject.keywordAuthor | income distribution | - |
dc.subject.keywordAuthor | labor income share | - |
dc.subject.keywordAuthor | market concentration | - |
dc.subject.keywordPlus | KEYNESIAN PHILLIPS-CURVE | - |
dc.subject.keywordPlus | PRICE-COST MARGINS | - |
dc.subject.keywordPlus | PROFIT MARGINS | - |
dc.subject.keywordPlus | INFLATION | - |
dc.subject.keywordPlus | DYNAMICS | - |
dc.subject.keywordPlus | UNIONISM | - |
dc.subject.keywordPlus | INDUSTRY | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
84, Heukseok-ro, Dongjak-gu, Seoul, Republic of Korea (06974)02-820-6194
COPYRIGHT 2019 Chung-Ang University All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.