Declining Labor Share: Measurement and Causes

Blog: Conversable Economist

Abstract

The “labor share” refers to the share of income in an economy paid to labor. Back in the dark ages of the late 1970s and early 1980s when I first started studying economics, it was often assumed that the labor share was more-or-less a constant term over decades. But in the last to decades, the … Continue reading Declining Labor Share: Measurement and Causes
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