Labor share

Gilbert Cette, Lorraine Koehl and Thomas Philippon

Economics Letters, 2020, vol. 188, issue C

Abstract: We challenge the accepted wisdom of a global secular decline in the labor share. We document three issues: (i) starting periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. An empirical analysis is carried out on the Euro Area (EA) and ten developed countries. When the three issues are set aside, the orientation of the labor share in the business sector appears not to be a general downward or upward one.

Keywords: Labor share; Labor cost; Value added sharing (search for similar items in EconPapers)
JEL-codes: D24 D33 J33 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:188:y:2020:i:c:s0165176520300239

DOI: 10.1016/j.econlet.2020.108979

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