Add to ORKGThis essay examines the cyclical behavior and stability properties of four different measures of the labor share of income in the United States from 1948 through 2006. The evidence suggests that the share exhibits instability. This instability is sensitive to the measure of labor share deployed and whether that measure has been adjusted for the changing sectoral composition of production over time. We test a number of competing hypotheses about the determinants of the behavior of cyclical labor share, showing that its movements are traceable to just two indicators of the business cycle, namely lagged gross domestic product (GDP) and lagged multifactor productivity
This paper examines the empirical relationship in the postwar United States between the aggregate bu...
This paper extends the technique suggested by den Haan (2000) to investigate contemporaneous as well...
The last 30 years have witnessed a dramatic change in the distribution of income, with the wage shar...
This essay examines the cyclical behavior and stability properties of four different measures of the...
Abstract: Economic theory frequently assumes constant factor shares and often treats the topic as se...
For nearly four decades in the post-War United States, productivity rose during economic booms and f...
Over the past quarter century, labor's share of income in the United States has trended downward, re...
In this paper we explore the dynamics of the aggregate labor share for the US economy. We explore th...
This paper establishes some stylized facts of the long-run relationship between growth and labor sha...
Ricardo (1817) argued that the principal problem of Political Economy is to understand the laws gove...
We document the business cycle behavior of the US income distribution and explore the extent to whic...
Abstract The common assumptions that labor income share does not change over time and that factor in...
The paper first provides a comprehensive literature review of the theories explaining the cyclical i...
In light of ongoing concern about rising inequality in the developed economies, this paper revisits ...
This paper presents further evidence on the importance of sectoral shifts by examining unemployment ...
This paper examines the empirical relationship in the postwar United States between the aggregate bu...
This paper extends the technique suggested by den Haan (2000) to investigate contemporaneous as well...
The last 30 years have witnessed a dramatic change in the distribution of income, with the wage shar...
This essay examines the cyclical behavior and stability properties of four different measures of the...
Abstract: Economic theory frequently assumes constant factor shares and often treats the topic as se...
For nearly four decades in the post-War United States, productivity rose during economic booms and f...
Over the past quarter century, labor's share of income in the United States has trended downward, re...
In this paper we explore the dynamics of the aggregate labor share for the US economy. We explore th...
This paper establishes some stylized facts of the long-run relationship between growth and labor sha...
Ricardo (1817) argued that the principal problem of Political Economy is to understand the laws gove...
We document the business cycle behavior of the US income distribution and explore the extent to whic...
Abstract The common assumptions that labor income share does not change over time and that factor in...
The paper first provides a comprehensive literature review of the theories explaining the cyclical i...
In light of ongoing concern about rising inequality in the developed economies, this paper revisits ...
This paper presents further evidence on the importance of sectoral shifts by examining unemployment ...
This paper examines the empirical relationship in the postwar United States between the aggregate bu...
This paper extends the technique suggested by den Haan (2000) to investigate contemporaneous as well...
The last 30 years have witnessed a dramatic change in the distribution of income, with the wage shar...