TY  -  
T1  - The Relationship Between Wages and the Capital-Labor Ratio: Finnish Evidence on the Production Function 
SN  - 951-555-822-0 /  
UR  - http://hdl.handle.net/10138/135760 
T3  - 3 
A1  - Juselius, Mikael 
A2  -  
PB  - Hanken School of Economics 
Y1  - 2004 
LA  - eng 
AB  - In this paper, a positive empirical relationship between wages and the
capital-labor share is established using Finnish manufacturing data. This
relationship is consistent with a modeling approach for the Finnish economy
that assumes a CES production function and imperfections in both
product and labor markets. The popular Cobb-Douglas production function
is inconsistent with the observed relationship. Moreover, the estimations
are consistent with an elasticity of substitution above one. T... 
VO  -  
IS  -  
SP  -  
OP  -  
KW  - cointegration; production function; VAR-model; labor markets 
N1  -   
PP  -  
ER  -