| 000 -LEADER |
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| fixed length control field |
01154nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210122b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Leblebicioglu, Asli and Weinberger, Ariel. |
| 245 ## - TITLE STATEMENT |
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| Title |
Credit and the labour share: Evidence from US states |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
The Economic Journal |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
130(630), Aug, 2020: p.1782-1816 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
We investigate the role of credit markets as a cause for changes in the US labour share. Causal evidence is provided that the labour share declined between 0.8 and 1.2 percentage points following the interstate banking deregulation, explaining more than half of the overall reduction during that period. The lower costs of credit and greater bank competition in each state are mechanisms that led to the decline. To quantify the relationship between credit and factor payments, we calibrate a model with financial frictions and highlight financial development as a potential channel for the reduction in labour share observed globally. – Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
banking deregulation |
| 9 (RLIN) |
23678 |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
The Economic Journal |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
CREDIT MARKET - UNITED STATES |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Item type |
Articles |
