Labor Shares in Some Advanced Economies

Gilbert Cette, Lorraine Koehl and Thomas Philippon

Working papers from Banque de France

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.

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)
Pages: 20 pages
Date: 2019
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (44)

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Working Paper: Labor Shares in Some Advanced Economies (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:727

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