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Labor Shares in Some Advanced Economies

Gilbert Cette (), Lorraine Koehl and Thomas Philippon ()

No 26136, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: E01 E02 E2 (search for similar items in EconPapers)
Date: 2019-08
New Economics Papers: this item is included in nep-mac
Note: EFG
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