Do factor shares reflect technology?

Benjamin Bental, Dominique Demougin

Research output: Contribution to journalArticlepeer-review


This note demonstrates that it is still possible to identify the economy's technology from national income accounting data when wages are set through a bargaining process rather than the usual competitive mechanism. Applying the method to US data, we obtain that the output elasticity with respect to capital exceeds 0.5.

Original languageEnglish
Pages (from-to)1329-1334
Number of pages6
JournalJournal of Macroeconomics
Issue number3
StatePublished - Sep 2008

Bibliographical note

Funding Information:
We are thankful to the DFG for financial support through the SFB 649. The comments of a referee have greatly helped us to clarify our point.


  • Factor shares
  • Nash bargaining

ASJC Scopus subject areas

  • Economics and Econometrics


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