EconPapers    
Economics at your fingertips  
 

Perspectives on the Labor Share

Loukas Karabarbounis

No 18987, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: As of 2022, the share of U.S. income accruing to labor is at its lowest level since the Great Depression. Updating previous studies with more recent observations, I document the continuing decline of the labor share for the United States, other countries, and various industries. I discuss how changes in technology and product, labor, and capital markets affect the trend of the labor share. I also examine its relationship with other macroeconomic trends, such as rising markups, higher concentration of economic activity, and globalization. I conclude by offering some perspectives on the economic and policy implications of the labor share decline.

Keywords: Production; Inequality (search for similar items in EconPapers)
JEL-codes: E2 J3 (search for similar items in EconPapers)
Date: 2024-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP18987 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Perspectives on the Labor Share (2024) Downloads
Working Paper: Perspectives on the Labor Share (2023) Downloads
Working Paper: Perspectives on the Labor Share (2023) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:18987

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP18987

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2024-12-09
Handle: RePEc:cpr:ceprdp:18987