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
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.
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Working Paper: Labor Shares in Some Advanced Economies (2019)
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