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Labor Shares in Some Advanced Economies / Gilbert Cette, Lorraine Koehl, Thomas Philippon.
- Format:
- Book
- Author/Creator:
- Cette, Gilbert.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26136.
- NBER working paper series no. w26136
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- We study the joint impact of three measurement issues in the empirical literature on the labor share: (i) start and end periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. When we correct for these three potential biases, we do not find a general decline in the labor share in our sample of advanced economies. In that respect the behavior of the US labor share after 2000 presents a puzzle.
- Notes:
- Print version record
- August 2019.
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