Labor share

被引:13
|
作者
Cette, Gilbert [1 ,2 ]
Koehl, Lorraine [3 ]
Philippon, Thomas [4 ]
机构
[1] Banque France, DGSEI, 31 Rue Croix Petits Champs 049-2600, F-75049 Paris 01, France
[2] AMSE, Aix En Provence, France
[3] INSEE, 88 Av Verdier, F-92120 Montrouge, France
[4] NYU, 44 West Fourth St, New York, NY 10012 USA
关键词
Labor share; Labor cost; Value added sharing; DECLINE;
D O I
10.1016/j.econlet.2020.108979
中图分类号
F [经济];
学科分类号
02 ;
摘要
We challenge the accepted wisdom of a global secular decline in the labor share. We document three issues: (i) starting periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. An empirical analysis is carried out on the Euro Area (EA) and ten developed countries. When the three issues are set aside, the orientation of the labor share in the business sector appears not to be a general downward or upward one. (C) 2020 Elsevier B.V. All rights reserved.
引用
收藏
页数:6
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