An empirical test of marginal productivity theory

被引：3

作者：

Biewen, Martin ^{[1
,2
,3
]}

Weiser, Constantin ^{[4
]}

机构：

[1] Univ Tubingen, Dept Econ, D-72076 Tubingen, Germany

[2] IZA, Bonn, Germany

[3] DIW, Berlin, Germany

[4] Johannes Gutenberg Univ Mainz, Dept Econ, D-55122 Mainz, Germany

来源：

APPLIED ECONOMICS | 2014年 / 46卷 / 09期

关键词：

marginal productivity theory; distribution of income; robust statistics; PANEL-DATA; RANDOM-COEFFICIENT; RETURNS; FIRM; REGRESSION; SCALE; WAGES; ESTIMATORS; OUTSIDERS; INSIDERS;

D O I：

10.1080/00036846.2013.864042

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We explore an hitherto unused approach to testing marginal productivity theory. Our method rests on the simple idea that, under the assumption of a linear homogeneous production function, residual profits are informative about the discrepancies between factor payments and marginal products. Our empirical application using data on manufacturing plants in Chile suggest moderate deviations from marginal productivity theory which depend on firm size.

引用

页码：996 / 1020

页数：25

共 50 条

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