Measuring Labor's Share of Income

11 Pages Posted: 28 Oct 2007

See all articles by Paul Gomme

Paul Gomme

Concordia University; CIREQ

Peter Rupert

University of California, Santa Barbara (UCSB) - Department of Economics

Date Written: November 2004

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.

Suggested Citation

Gomme, Paul and Rupert, Peter, Measuring Labor's Share of Income (November 2004). FRB of Cleveland Policy Discussion Paper No. 7. Available at SSRN: https://ssrn.com/abstract=1024847 or http://dx.doi.org/10.2139/ssrn.1024847

Paul Gomme (Contact Author)

Concordia University ( email )

1455 de Maisonneuve Blvd. W.
Montreal, Quebec H3G 1MB
Canada

CIREQ ( email )

C.P. 6128, Succursale Centre-ville
Montreal, Quebec H3C 3J7
Canada

Peter Rupert

University of California, Santa Barbara (UCSB) - Department of Economics ( email )

2127 North Hall
Santa Barbara, CA 93106
United States

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