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Replication data for: Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?

Version
1
Resource Type
Dataset
Creator
  • Gourio, François
  • Rudanko, Leena
Publication Date
2014-05-01
Description
  • Abstract

    Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production capacity. We focus on customer capital: the capital embodied in the relationships a firm has with its customers. Introducing customer capital into a standard real business cycle model generates a volatile and countercyclical labor wedge, due to a mismeasured marginal product of labor. We also provide new evidence on cyclical variation in selling effort to discipline the exercise.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.104.5.183 (Text)
Publications
  • Gourio, François, and Leena Rudanko. “Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?” American Economic Review 104, no. 5 (May 2014): 183–88. https://doi.org/10.1257/aer.104.5.183.
    • ID: 10.1257/aer.104.5.183 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06

Gourio, François; Rudanko, Leena (2014): Replication data for: Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116122V1