The Labor Share of Income and Equilibrium Unemployment
Andrew Figura and
David Ratner
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Andrew Figura: https://www.federalreserve.gov/econres/andrew-figura.htm
David Ratner: https://www.federalreserve.gov/econres/david-d-ratner.htm
No 2015-06-08-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)
Abstract:
After rising to 10 percent in the wake of the Great Recession, the unemployment rate is now approaching a level that many observers--including the Congressional Budget Office, as shown in Figure 1--associate with the natural rate of unemployment.
Date: 2015-06-08
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2015-06-08-1
DOI: 10.17016/2380-7172.1553
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