Cyclicality of markups and real wages in Korea |
| |
| Authors: | Joo-Hoon Kang Ugyeong Jeong Joo-Han Bae |
| |
| Institution: | Department of Economics, Kwandong University, 522 Naegok-Dong, Kangnung City, Kangwon-Do, Korea 210701 |
| |
| Abstract: | This paper examines the cyclical patterns of markups, real wages, and labor share for Korean industries. Markup ratio is greater than 1 in most industries. Markups are countercyclical, and real wages and labor share are procyclical. Income distribution effect has more impact on determining markups than price and technology effect. |
| |
| Keywords: | Markups Real wage Labor share effect Technology effect Price effect |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
