| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16473 |
| DP16473 The Elusive Explanation for the Declining Labor Share | |
| Gene Grossman; Ezra Oberfield | |
| 发表日期 | 2021-08-20 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | A vast literature seeks to measure and explain the apparent decline in the labor share in national income that has occurred in recent times in the United States and elsewhere. The culprits include technological change, increased globalization and the rise of China, the enhanced exercise of market power by large firms in concentrated product markets, the decline in unionization rates and the erosion in the bargaining power of workers in labor markets, and the changing composition of the workforce due to a slowdown in population growth and a rise in educational attainment. We review this literature, with special emphasis on the pitfalls associated with using cross-sectional data to assess this phenomenon and the reasons why the body of papers collectively explains the phenomenon many times over. |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| 关键词 | Labor share Capital share Profit share Income distribution |
| URL | https://cepr.org/publications/dp16473 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545431 |
| 推荐引用方式 GB/T 7714 | Gene Grossman,Ezra Oberfield. DP16473 The Elusive Explanation for the Declining Labor Share. 2021. |
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