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### 劳动收入份额的决定与波动机制研究

• 出版日期:2018-07-25 发布日期:2018-07-10

### Study on the Determinant and Fluctuation Mechanism of Labor Income Share

Li Xiongying & Lei Qinli

• Online:2018-07-25 Published:2018-07-10

Abstract: Through theoretical mathematical economic model and empirical econometric model analysis, this paper shows that the determinants of labor income share, in addition to government production tax, is mainly the real wage and production technology level. The influence direction of two factors is completely opposite, and their efforts will depend on the size of the elasticity of substitution. When the substitution elasticity is less than 1, the more is real wage, the higher is labor income share; the higher is production technology, the lower is labor income share. When substitution elasticity is more than 1, the more is real wage, the lower is labor income share; the higher is production technology, the higher is labor income share. The theoretical and empirical analysis also shows that the growths of money wage and real wage is fluctuation with the economic cycle, and the fluctuation of the real wage growth rate is contrary to economic cycle. Therefore, the fluctuation of labor income share is also contrary to economic cycle.