000			01204nam a22001577a 4500
999			_c517357 _d517357
008			210710b ||||| |||| 00| 0 eng d
100			_aGutierrez, German and Piton, Sophie _926443
245			_aRevisiting the global decline of the (non-housing) labor share
260			_aThe American Economic Review: Insights
300			_a 2(3), Sep, 2020: p.321-338
520			_aWe show that cross-country comparisons of corporate labor shares are affected by differences in the delineation of corporate sectors. While the United States excludes all self-employed and most dwellings from the corporate sector, other countries include large amounts of both—biasing labor shares downward. We propose two methods to control for these differences and obtain "harmonized" non-housing labor share series. Contrary to common wisdom, the harmonized series remain stable or increase in all major advanced economies except the United States and Canada. These new facts cast doubts on most technological explanations for the decline of the labor share.- Reproduced
650			_aCorporate sectors, Corporate labor shares _926444
773			_aThe American Economic Review: Insights
906			_aLABOUR
942			_cAR