Labor share

Gilbert Cette, Lorraine Koehl and Thomas Philippon
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Lorraine Koehl: INSEE - Institut national de la statistique et des études économiques (INSEE)
Thomas Philippon: NYU - New York University [New York] - NYU - NYU System

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Abstract: We challenge the accepted wisdom of a global secular decline in the labor share. We document three issues: (i) starting periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. An empirical analysis is carried out on the Euro Area (EA) and ten developed countries. When the three issues are set aside, the orientation of the labor share in the business sector appears not to be a general downward or upward one.

Keywords: Labor share; Labor cost; Value added sharing (search for similar items in EconPapers)
Date: 2020-03
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-02484249v1
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Citations: View citations in EconPapers (8)

Published in Economics Letters, 2020, 188, pp.108979. ⟨10.1016/j.econlet.2020.108979⟩

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Journal Article: Labor share (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02484249

DOI: 10.1016/j.econlet.2020.108979

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