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Osaka Workshop on Economics of Institutions and Organization (#152)

May 9, 2023

Date:  Friday, May 19, 2023 13:30 to 15:00
*This seminar will be held as a Zoom Meeting.
Please contact【yuri-kitabayashi(a)iss.u-tokyo.ac.jp 】in advance, if you want to participate in the meeting.

Presenter:
Noritaka Kudoh
(Department of Economics, Nagoya University)

Title: “Hours of Work and the Labor Share”

This paper challenges the consensus in the literature that labor supply factors play no role in understanding the labor share of income. We develop a simple dynamic general equilibrium model with search-matching frictions in the labor market, endogenous work hours, and capital. An increase in productivity reduces work hours through the income effect without reducing output. This reduces the labor share as income grows. Our quantitative analysis shows that productivity improvement explains both the downward trend in the U.S. labor share and the decline in work hours. Abstract:Noritaka Kudoh
  • 共催:東京大学社会科学研究所 & IPP研究会
  • 問合せ: 東京大学社会科学研究所 中林真幸研究室 

May 9, 2023by OSIPP Library

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GSE-OSIPP-ISER Joint Conference in Economics 2023

OSIPP Library’s opening hours during the summer

2023 7th GSE-OSIPP Joint Seminar in Economics

Osaka Workshop on Economics of Institutions and Organization (#154)

2023 6th GSE-OSIPP Joint Seminar in Economics

ESG-IREC Special Lecture and Panel Discussion
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by Mitoji YABUNAKA  (OSIPP Specially Appointed Professor)

2023 5th GSE-OSIPP Joint Seminar in Economics

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2023 4th GSE-OSIPP Joint Seminar in Economics

Osaka Workshop on Economics of Institutions and Organization (#153)

2023 3rd GSE-OSIPP Joint Seminar in Economics

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