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File name: SSRN-id1024847. ; Size: 301K
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Measuring Labor's Share of Income
Paul Gomme
Concordia University; CIREQ
Peter Rupert
University of California, Santa Barbara - Department of Economics
November 2004
FRB of Cleveland Policy Discussion Paper No. 7
Abstract:
Recent Bureau of Labor Statistics (BLS) data show labor's share of income at a historic low. This Policy Discussion Paper explores the BLS calculations with an eye to understanding the factors leading to the recent fall in labor's share. While data limitations prohibit replication of the BLS series, alternative measures of labor's share of income, based on either the nonfinancial corporate business sector or the macroeconomy more generally, are near their historic averages, quite unlike the BLS series.
Number of Pages in PDF File: 11
working papers series
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Date posted: October 28, 2007
Suggested CitationGomme, Paul and Rupert, Peter, Measuring Labor's Share of Income (November 2004). FRB of Cleveland Policy Discussion Paper No. 7. Available at SSRN: http://ssrn.com/abstract=1024847 or http://dx.doi.org/10.2139/ssrn.1024847
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