We study the joint impact of three measurement issues in the empirical literature on the labor share: (i) start and end periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. When we correct for these three potential biases, we do not find a general decline in the […] The post The labor share is not in general falling appeared first on Marginal REVOLUTION.
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That is a new paper by Germán Gutiérrez and Sophie Pitony. I am on the road...That is a new paper by Germán Gutiérrez and Sophie Pitony. I am on the road and have not had a chance to go through this, but the abstract is of interest: We identify two undocumented measurement challenges affecting corporate sector labor shares outside the United States: the inclusion of dwellings and the inclusion of […] The post Revisiting the Global Decline of the...