Labor's declining share of income and rising inequality
Margaret Jacobson and
Filippo Occhino ()
Economic Commentary, 2012, issue Sept
Labor income has been declining as a share of total income earned in the United States for the past three decades. We look at the past effect of the labor share decline on income inequality, and we study the likely future path of the labor share and its implications for inequality.
Keywords: Labor market; Economic conditions (search for similar items in EconPapers)
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