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Labor Share Decline and Intellectual Property Products Capital

Dongya Koh, Raül Santaeulàlia‐Llopis and Yu Zheng
Authors registered in the RePEc Author Service: Raul Santaeulalia-Llopis

Econometrica, 2020, vol. 88, issue 6, 2609-2628

Abstract: We study the behavior of the U.S. labor share over the past 90 years. We find that the observed decline of the labor share is entirely explained by the capitalization of intellectual property products in the national income and product accounts.

Date: 2020
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https://doi.org/10.3982/ECTA17477

Related works:
Working Paper: Labor Share Decline and Intellectual Property Products Capital (2018) Downloads
Working Paper: Labor Share Decline and Intellectual Property Products Capital (2016) Downloads
Working Paper: Labor share decline and intellectual property products capital (2015) Downloads
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