Labor Share Decline and Intellectual Property Products Capital
Raul Santaeulalia-Llopis and
Additional contact information
Dongya Koh: University of Arkansas
Yu Zheng: Queen Mary University of London
No 873, Working Papers from Queen Mary University of London, School of Economics and Finance
We study the behaviour of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the implications of this result for the US macroeconomic model and discuss the way forward.
Keywords: Labor Share; Intellectual Property Products; Capital; 1999- and 2013-BEA Revisions (search for similar items in EconPapers)
JEL-codes: E01 E22 E25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ipr and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Labor Share Decline and Intellectual Property Products Capital (2016)
Working Paper: Labor share decline and intellectual property products capital (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:873
Access Statistics for this paper
More papers in Working Papers from Queen Mary University of London, School of Economics and Finance Contact information at EDIRC.
Bibliographic data for series maintained by Nicholas Owen ().