Labor Shares in Some Advanced Economies
Gilbert Cette (),
Lorraine Koehl and
Working papers from Banque de France
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: D33 D24 J33 (search for similar items in EconPapers)
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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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