The Labor Share of Income Around the World: Evidence from a Panel Dataset
Marta Guerriero ()
Working Papers from eSocialSciences
This study provides an evaluation of five different methodologies of estimation commonly used in the labor share literature and propose a new measurement. Theglobal dataset of the labor income share across 151 economies is compiledâ€”both developing and developedâ€”for all or part of the period 1970â€“2015. Results show that our suggested indicator is correlated to the other five measures but it also retains unique information. Contrary to the traditional assumption of stable factor shares, it documents the existence of considerable heterogeneity across economies and variability over time. Specifically, there has been a general decline in the labor share around the world, in particular from the mid-1980s onwards.
Keywords: eSS; labor share; income; panel dataset; factor shares; income distribution; labor (search for similar items in EconPapers)
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