Perspectives on the labor share
By: Karabarbounis, Loukas
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Material type: 
BookPublisher: The Journal of Economic Perspectives Description: 38(2), Spring, 2024: p.107-136.
In:
The Journal of Economic PerspectivesSummary: As of 2022, the share of US income accruing to labor is at its lowest level since the Great Depression. Updating previous studies with more recent observations, I document the continuing decline of the labor share for the United States, other countries, and various industries. I discuss how changes in technology and product, labor, and capital markets affect the trend of the labor share. I also examine its relationship with other macroeconomic trends, such as rising markups, higher concentration of economic activity, and globalization. I conclude by offering some perspectives on the economic and policy implications of the labor share decline.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/jep.38.2.107
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 38(2), Spring, 2024: p.107-136 | Available | AR132548 |
As of 2022, the share of US income accruing to labor is at its lowest level since the Great Depression. Updating previous studies with more recent observations, I document the continuing decline of the labor share for the United States, other countries, and various industries. I discuss how changes in technology and product, labor, and capital markets affect the trend of the labor share. I also examine its relationship with other macroeconomic trends, such as rising markups, higher concentration of economic activity, and globalization. I conclude by offering some perspectives on the economic and policy implications of the labor share decline.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/jep.38.2.107
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