Andrea Colciago
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Previous Organizations / Institutes
The organizations / institutes from the scholar's other articles in the past ten years
Research Subjects
Andrea Colciago has a total of 1 co-authors. Here are the top co-authors by number of shared publications:
Lorenza Rossi
University of Pavia
1 shared publication
Latest Publications
- 23 March 2018
- Published by Springer Nature
- p. 199-219
Structural Reforms and Endogenous Market Structures
- 23 March 2018
- Published by Springer Nature
- p. 199-219
Structural Reforms and Endogenous Market Structures
- 11 November 2014
- Published by Cambridge University Press (CUP) in Macroeconomic Dynamics
- Vol. 19 (6) , 1309-1331
FIRM DYNAMICS, ENDOGENOUS MARKUPS, AND THE LABOR SHARE OF INCOME
Recent U.S. evidence suggests that the response of labor share to a productivity shock is characterized by countercyclicality and overshooting. These findings cannot be reconciled easily with existing business cycle models. We extend the Diamond–Mortensen–Pissarides model of search in the labor market by considering strategic interactions among an endogenous number of producers, which leads to countercyclical price markups. Although Nash bargaining delivers a countercyclical labor share, we show that countercyclical markups are fundamental to address the overshooting. On the contrary, we find that real wage rigidity does not seem to play a crucial role in the dynamics of the labor share of income.
- 11 November 2014
- Published by Cambridge University Press (CUP) in Macroeconomic Dynamics
- Vol. 19 (6) , 1309-1331
FIRM DYNAMICS, ENDOGENOUS MARKUPS, AND THE LABOR SHARE OF INCOME
Recent U.S. evidence suggests that the response of labor share to a productivity shock is characterized by countercyclicality and overshooting. These findings cannot be reconciled easily with existing business cycle models. We extend the Diamond–Mortensen–Pissarides model of search in the labor market by considering strategic interactions among an endogenous number of producers, which leads to countercyclical price markups. Although Nash bargaining delivers a countercyclical labor share, we show that countercyclical markups are fundamental to address the overshooting. On the contrary, we find that real wage rigidity does not seem to play a crucial role in the dynamics of the labor share of income.