A decline in labor income share alongside a drop in the relative price of capital occurs when the loss of income share due to a decrease in unskilled labor outweighs the income gained due to an increase in skilled labor.
23 Apr 2018 | Papers and Briefs | ADBI Working Papers | Fukao, Kyoji, | Paul, Saumik
More than two-thirds of all skilled migrants go to the US, the UK, Canada, and Australia, but they come from more than 100 countries. This affects the movement of real exchange rates in the source countries.
15 Mar 2018 | Papers and Briefs | ADBI Working Papers | Paul, Saumik