| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25275 |
| 来源ID | Working Paper 25275 |
| The Micro-Level Anatomy of the Labor Share Decline | |
| Matthias Kehrig; Nicolas Vincent | |
| 发表日期 | 2018-11-19 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The labor share in U.S. manufacturing declined from 62 percentage points (ppts) in 1967 to 41 ppts in 2012. The labor share of the typical U.S. manufacturing establishment, in contrast, rose by over 3 ppts during the same period. Using micro-level data, we document five salient facts: (1) since the 1980s, there has been a dramatic reallocation of value added toward the lower end of the labor share distribution; (2) this aggregate reallocation is not due to entry/exit, to “superstars” growing faster or to large establishments lowering their labor shares, but is instead due to units whose labor share fell as they grew in size; (3) low labor share (LL) establishments benefit from high revenue labor productivity, not low wages; (4) they also enjoy a product price premium relative to their peers, pointing to a significant role for demand-side forces; and (5) they have only temporarily lower labor shares that rebound after five to eight years. This transient pattern has become more pronounced over time, and the dynamics of value added and employment are increasingly disconnected. |
| 主题 | Macroeconomics ; Consumption and Investment ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Industry Studies ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w25275 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582949 |
| 推荐引用方式 GB/T 7714 | Matthias Kehrig,Nicolas Vincent. The Micro-Level Anatomy of the Labor Share Decline. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25275.pdf（1895KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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