{"id":"https://openalex.org/W2010537698","doi":"https://doi.org/10.1111/1468-0475.00067","title":"Falling Labor Share and Rising Unemployment: Long-Run Consequences of Institutional Shocks?","display_name":"Falling Labor Share and Rising Unemployment: Long-Run Consequences of Institutional Shocks?","publication_year":2002,"publication_date":"2002-12-01","ids":{"openalex":"https://openalex.org/W2010537698","doi":"https://doi.org/10.1111/1468-0475.00067","mag":"2010537698"},"language":"en","primary_location":{"id":"doi:10.1111/1468-0475.00067","doi":"https://doi.org/10.1111/1468-0475.00067","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1468-0475.00067","pdf_url":null,"source":{"id":"https://openalex.org/S13669392","display_name":"German Economic Review","issn_l":"1465-6485","issn":["1465-6485","1468-0475"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"German Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://www.econstor.eu/bitstream/10419/32501/1/305716891.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5054113107","display_name":"Norbert Berthold","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I25974101","display_name":"University of W\u00fcrzburg","ror":"https://ror.org/00fbnyb24","country_code":"DE","type":"education","lineage":["https://openalex.org/I25974101"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Norbert Berthold","raw_affiliation_strings":["University of Wuerzburg, W\u00fcrzburg , Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Wuerzburg, W\u00fcrzburg , Germany","institution_ids":["https://openalex.org/I25974101"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5097989430","display_name":"Rainer Rainer","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I8204097","display_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","ror":"https://ror.org/05591te55","country_code":"DE","type":"education","lineage":["https://openalex.org/I8204097"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Rainer Rainer","raw_affiliation_strings":["University of Munich and Ifo Research, M\u00fcnchen , Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Munich and Ifo Research, M\u00fcnchen , Germany","institution_ids":["https://openalex.org/I8204097"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5067101828","display_name":"Eric Thode","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4387154084","display_name":"Bertelsmann Stiftung","ror":"https://ror.org/01wj9hk44","country_code":"DE","type":"nonprofit","lineage":["https://openalex.org/I4387154084"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Eric Thode","raw_affiliation_strings":["Bertelshann Foundation, G\u00fctersloh , Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bertelshann Foundation, G\u00fctersloh , Germany","institution_ids":["https://openalex.org/I4387154084"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":0,"currency":"EUR","value_usd":0},"apc_paid":null,"fwci":15.9538,"has_fulltext":true,"cited_by_count":60,"citation_normalized_percentile":{"value":0.98729141,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"3","issue":"4","first_page":"431","last_page":"459"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.43160000443458557,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.43160000443458557,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.2712000012397766,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.14900000393390656,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/labor-share","display_name":"labor share","score":0.7080000042915344},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.9919999837875366},{"id":"https://openalex.org/keywords/institutional-shocks","display_name":"institutional shocks","score":0.796999990940094},{"id":"https://openalex.org/keywords/capital-formation","display_name":"capital formation","score":0.9929999709129333},{"id":"https://openalex.org/keywords/elasticity-of-substitution","display_name":"elasticity of substitution","score":0.7649999856948853},{"id":"https://openalex.org/keywords/capital-labor-substitution","display_name":"capital-labor substitution","score":0.878000020980835},{"id":"https://openalex.org/keywords/germany","display_name":"Germany","score":0.8360000252723694},{"id":"https://openalex.org/keywords/france","display_name":"France","score":1.0}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8618658781051636},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.7373114824295044},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.6587849855422974},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.5152102112770081},{"id":"https://openalex.org/C68286588","wikidata":"https://www.wikidata.org/wiki/Q384136","display_name":"Full employment","level":3,"score":0.46545296907424927},{"id":"https://openalex.org/C2776931063","wikidata":"https://www.wikidata.org/wiki/Q4781738","display_name":"Appropriation","level":2,"score":0.4428809583187103},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.42112353444099426},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.24155473709106445},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2208673357963562},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1111/1468-0475.00067","doi":"https://doi.org/10.1111/1468-0475.00067","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1468-0475.00067","pdf_url":null,"source":{"id":"https://openalex.org/S13669392","display_name":"German Economic Review","issn_l":"1465-6485","issn":["1465-6485","1468-0475"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"German Economic Review","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:zbw:wuewwb:30","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/32501/1/305716891.pdf","pdf_url":"https://www.econstor.eu/bitstream/10419/32501/1/305716891.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-016089788","doi":null,"is_oa":false,"landing_page_url":"http://www.vwl.uni-wuerzburg.de/fileadmin/12010400/diskussionsbeitraege/dp30.pdf","pdf_url":"http://www.vwl.uni-wuerzburg.de/fileadmin/12010400/diskussionsbeitraege/dp30.pdf","source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"software, multimedia"},{"id":"pmh:oai:econstor.eu:10419/32501","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/32501","pdf_url":"https://www.econstor.eu/bitstream/10419/32501/1/305716891.pdf","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"mag:3124839537","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:zbw:wuewwb:30","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/32501","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/32501","pdf_url":"https://www.econstor.eu/bitstream/10419/32501/1/305716891.pdf","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":1.0}],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.7599999904632568}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2010537698.pdf","grobid_xml":"https://content.openalex.org/works/W2010537698.grobid-xml"},"referenced_works_count":29,"referenced_works":["https://openalex.org/W207529159","https://openalex.org/W628916270","https://openalex.org/W1500783886","https://openalex.org/W1526998620","https://openalex.org/W1547684406","https://openalex.org/W1555604187","https://openalex.org/W1931875383","https://openalex.org/W1969610664","https://openalex.org/W1983727765","https://openalex.org/W2019100834","https://openalex.org/W2019459021","https://openalex.org/W2050815921","https://openalex.org/W2052452281","https://openalex.org/W2062538328","https://openalex.org/W2108122190","https://openalex.org/W2109437806","https://openalex.org/W2126322608","https://openalex.org/W2130816362","https://openalex.org/W2138992063","https://openalex.org/W2263686378","https://openalex.org/W2327683694","https://openalex.org/W2335559751","https://openalex.org/W2892120666","https://openalex.org/W2892160988","https://openalex.org/W2953883560","https://openalex.org/W3121580013","https://openalex.org/W3122397314","https://openalex.org/W3124240318","https://openalex.org/W3125050197"],"related_works":["https://openalex.org/W4386749934","https://openalex.org/W2397067170","https://openalex.org/W3217132591","https://openalex.org/W2468605553","https://openalex.org/W2090616659","https://openalex.org/W2498145415","https://openalex.org/W2367161380","https://openalex.org/W2391656747","https://openalex.org/W4385723012","https://openalex.org/W3125878278"],"abstract_inverted_index":{"Abstract":[0],"The":[1],"literature":[2],"on":[3,8,34,52],"unemployment":[4],"has":[5],"mostly":[6],"focused":[7],"labor":[9,91],"market":[10],"issues":[11],"while":[12],"the":[13,46,61,70,79,83],"impact":[14],"of":[15,30,49,86],"capital":[16,37,53,89],"formation":[17,54],"is":[18,23,58],"largely":[19],"neglected.":[20],"Job":[21],"creation":[22],"often":[24],"thought":[25],"to":[26],"be":[27],"a":[28,35],"matter":[29],"encouraging":[31],"more":[32],"employment":[33,65],"given":[36],"stock.":[38],"In":[39,73],"contrast,":[40],"this":[41],"paper":[42],"explicitly":[43],"deals":[44],"with":[45,75],"long-run":[47,84],"consequences":[48],"institutional":[50],"shocks":[51],"and":[55,66,90,94],"employment.":[56],"It":[57],"shown":[59],"that":[60],"usual":[62],"tradeoff":[63],"between":[64,88],"wages":[67],"disappears":[68],"in":[69],"long":[71],"run.":[72],"line":[74],"an":[76],"appropriation":[77],"model,":[78],"estimated":[80],"values":[81],"for":[82,92],"elasticities":[85],"substitution":[87],"Germany":[93],"France":[95],"are":[96],"substantially":[97],"greater":[98],"than":[99],"one.":[100]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":3},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":6}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2025-10-10T00:00:00"}