000			01144nam a22001457a 4500
999			_c527084 _d527084
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100			_aKarabarbounis, Loukas _956192
245			_a Perspectives on the labor share
260			_aThe Journal of Economic Perspectives
300			_a38(2), Spring, 2024: p.107-136
520			_aAs 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
773			_aThe Journal of Economic Perspectives
906			_aLABOUR
942			_cAR