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2007 Fiscal Year Final Research Report Summary

A RESEARCH ON TECHNOGIES, EMPLOYMENT AND INCOME DISTRIBUTIONS IN THE MEDIUM-RUN MACROECOMICS

Research Project

Project/Area Number 17530149
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Economic theory
Research InstitutionUniversity of Hyogo (2007)
Chukyo University (2005-2006)

Principal Investigator

OSUMI Yasuyuki  University of Hyogo, ECONOMICS, PROFESSOR (10223819)

Project Period (FY) 2005 – 2007
KeywordsCapital-Skill Complementarity / Aggregate Labor Shares / the Medium-Run / Income Inequalitiies / Skill-Biased Technical Change / Labor Mobility / Aggregate Elasticity of Substitution
Research Abstract

Our research investigates the mechanism of the movements of labor shares in Japanese economy, and particularly clarifies the phenomena since late 90's, implying rising income inequalities and declining aggregate labor shares. Specifically, we investigate the effects of demand for goods, deregulations in goods and labor markets, skill-biased technical change and capital accumulation and explore the role of asymmetries of factor substitutabilities between capital, skilled and unskilled labor. Especially, we explore the role of capital-skill complementarity structure which implies that the elasticity of substitution between capital and unskilled labor is larger than that between capital and skilled labor capturing one specific aspect of the newly technological progress in the production side in the medium and the long run perspective.
We show that in the imperfect competitive market framework having Keynesian and classical features, income inequalities between skilled and unskilled labor c … More ountercyclically move and aggregate labor shares procyclically fluctuate under capital-skill complementarity structure. This means that in recession, income inequalities enlarge and aggregate labor shares decline. Furthermore, deregulations in the goods and labor markets are likely to create widening income inequalities and declining labor shares. We also shows that even in the competitive market framework, under some capital-skill complementarity structures, income inequalities enlarge and aggregate labor shares decline in the process of skill-biased technical change and capital accumulation. When labor mobility occurs, however, capital accumulation reinforces rising income inequalities and declining aggregate labor shares. Moreover we demonstrate that in labor mobility case, capital-sill complementarity structures are likely to enlarge aggregate elasticity of substitution between capital and overall labor which tends to promote per capita income in the steady state in the growing economy. Less

  • Research Products

    (24 results)

All 2008 2007 2006 2005

All Journal Article (8 results) (of which Peer Reviewed: 1 results) Presentation (14 results) Book (2 results)

  • [Journal Article] 3要素代替の非対称性、労働移動、及びマクロ労働分配率2008

    • Author(s)
      大住 康之
    • Journal Title

      商大論集(兵庫県立大学) 59巻

      Pages: 91-112

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] Factor Substitutabilities, Labor Mobility and Aggregate Labor Shares2008

    • Author(s)
      OSUMI, Yasuyuki
    • Journal Title

      SHODAI RONSHU(Journal of University of HYOGO) 59

      Pages: 91-112

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] 3要素代替の非対称性、相対賃金率及び労働分配率2007

    • Author(s)
      大住 康之
    • Journal Title

      中京大学経済学論叢 18巻

      Pages: 123-146

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] Asymmetry of Factor Substitutabilities, Wage Differentials and Labor Shares2007

    • Author(s)
      OSUMI, Yasuyuki
    • Journal Title

      Chukyo Economic Review 18

      Pages: 123-146

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] 代替弾力性、弱分離可能性及び要素分配率-3要素を考慮して2006

    • Author(s)
      大住 康之
    • Journal Title

      中京大学経済学論叢 17号

      Pages: 69-87

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] 牛産閏数の分離可能性と労働分配率-3要素のケース2006

    • Author(s)
      大住 康之
    • Journal Title

      現代経済学研究 13号

      Pages: 53-74

    • Description
      「研究成果報告書概要(和文)」より
    • Peer Reviewed
  • [Journal Article] Elasticity of Subsititution, Weak Separability and Factor Shares2006

    • Author(s)
      OSUMI, Yasuyuki
    • Journal Title

      Chukyo Economic Review 17

      Pages: 69-87

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] Functional Separability and Labor Shares-a Three Factor Case2006

    • Author(s)
      OSUMI, Yasuyuki
    • Journal Title

      Studies in Contemporary Economics 13

      Pages: 53-74

    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] Factor Substitutabilities,Mobility and Aggregate Labor Shares-a Three Factor Model2007

    • Author(s)
      大住 康之
    • Organizer
      数理経済学研究集会
    • Place of Presentation
      慶應義塾大学
    • Year and Date
      2007-10-26
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Factor Substitutabilies, Mobility and Aggregate Labor Shares - a Three Factor Model2007

    • Author(s)
      OSUMI, Yasuyuki
    • Organizer
      Workshop on Mathematical Economics
    • Place of Presentation
      Keio University
    • Year and Date
      2007-10-26
    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] 3要素代替の非対称性、労働移動及びマクロ労働分配率2007

    • Author(s)
      大住 康之
    • Organizer
      日本経済学会2007年度秋季大会
    • Place of Presentation
      日本大学
    • Year and Date
      2007-09-23
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Factor Substitutabilies, Labor Mobility and Aggregate Labor Shares2007

    • Author(s)
      OSUMI, Yasuyuki
    • Organizer
      Japanese Economic Association
    • Place of Presentation
      Nihon University
    • Year and Date
      2007-09-23
    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] 要素代替の非対称性、労働移動及びマクロ労働分配率2007

    • Author(s)
      大住 康之
    • Organizer
      平成18年度六甲フォーラム
    • Place of Presentation
      神戸大学
    • Year and Date
      2007-03-05
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Asymmetry of Factor Substitutabilies, Labor Mobility and Aggregate Labor Shares2007

    • Author(s)
      OSUMI, Yasuyuki
    • Organizer
      Rokko Forum
    • Place of Presentation
      Kobe University
    • Year and Date
      2007-03-05
    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] 要素代替の非対称性、賃金格差、集計労働分配率2006

    • Author(s)
      大住 康之
    • Organizer
      2006年度日本応用経済学会春季大会
    • Place of Presentation
      福岡大学
    • Year and Date
      2006-06-11
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Asymmetry of Factor Substitutabilies, Wage Differentials and Aggregate Labor Shares2006

    • Author(s)
      OSUMI, Yasuyuki
    • Organizer
      Japanese Association for Applied Economics
    • Place of Presentation
      Fukuoka University
    • Year and Date
      2006-06-11
    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] 代替弾力性、弱分離可能性及び要素分配率-3要素を考慮して2006

    • Author(s)
      大住 康之
    • Organizer
      平成17年度六甲フォーラム
    • Place of Presentation
      神戸大学
    • Year and Date
      2006-03-23
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Elasticity of Subsititution, Weak Separability and Factor Shares a Three Factor Case2006

    • Author(s)
      OSUMI, Yasuyuki
    • Organizer
      Rokko Forum
    • Place of Presentation
      Kobe University
    • Year and Date
      2006-03-23
    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] 資本、熟練補完と集計労働分配率に関する中期分析2005

    • Author(s)
      大住 康之
    • Organizer
      日本経済学会2005年度秋季大会
    • Place of Presentation
      中央大学
    • Year and Date
      2005-09-18
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Capital-Skill Complementarity, Aggregate Labor Shares in the Medium-run2005

    • Author(s)
      OSUMI, Yasuyuki
    • Organizer
      Japanese Economic Association
    • Place of Presentation
      Chuo University
    • Year and Date
      2005-09-18
    • Description
      「研究成果報告書概要(欧文)」より
  • [Presentation] 資本、熟練補完と集計労働分配率に関する中期マクロ分析2005

    • Author(s)
      大住 康之
    • Organizer
      西日本理論経済学会第129回例会
    • Place of Presentation
      福岡大学
    • Year and Date
      2005-05-21
    • Description
      「研究成果報告書概要(和文)」より
  • [Presentation] Capital-Skill Complementarity, Aggregate Labor Shares in the Medium-run Macroeconomics2005

    • Author(s)
      OSUMI, Yasuyuki
    • Organizer
      Western Association of Economics
    • Place of Presentation
      Fukuoka University
    • Year and Date
      2005-05-21
    • Description
      「研究成果報告書概要(欧文)」より
  • [Book] 公共経済学研究IV2007

    • Author(s)
      白井 正敏、大住 康之、釜田 公良編
    • Total Pages
      212
    • Publisher
      勁草書房
    • Description
      「研究成果報告書概要(和文)」より
  • [Book] OSUMI Yasuyuki and KAMADA, Kimiyoshi eds, 'A Research on Public Economics'2007

    • Author(s)
      SHIRAI, Masatoshi
    • Total Pages
      212
    • Publisher
      Keiso Shobo
    • Description
      「研究成果報告書概要(欧文)」より

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Published: 2010-02-04  

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