Labor Shares in Some Advanced Economies
26 Pages Posted: 7 Aug 2019 Last revised: 1 Jun 2023
There are 2 versions of this paper
Labor Shares in Some Advanced Economies
NBER Working Paper No. w26136
Number of pages: 26
Posted: 07 Aug 2019
Last Revised: 01 Jun 2023
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Labor Shares in Some Advanced Economies
NYU Stern School of Business
Number of pages: 20
Posted: 04 Sep 2019
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28
Date Written: August 2019
Abstract
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.
Suggested Citation: Suggested Citation
Cette, Gilbert and Koehl, Lorraine and Philippon, Thomas, Labor Shares in Some Advanced Economies (August 2019). NBER Working Paper No. w26136, Available at SSRN: https://ssrn.com/abstract=3432169
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