全球智库信息集成服务系统(G2TT): Markups, Labor Market Inequality and the Nature of Work

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w26800
来源ID	Working Paper 26800
	Markups, Labor Market Inequality and the Nature of Work
	Greg Kaplan; Piotr Zoch
发表日期	2020-03-02
出版年	2020
语种	英语
摘要	We demonstrate the importance of distinguishing between the traditional use of labor for production, versus alternative uses of labor for overhead, marketing and other expansionary activities, for studying the distribution of both factor income and labor income. We use our framework to assess the impact of changes in markups on the overall labor share and on labor income inequality across occupations. We identify the production and expansionary content of different occupations from the co-movement of occupational income shares with markup-induced changes in the labor share. We find that around one-fifth of US labor income compensates expansionary activities, and that occupations with larger expansionary content have experienced the fastest wage and employment growth since 1980. Our framework can rationalize a counter-cyclical labor share in the presence of sticky prices and can be used to study the distributional effects of demand shocks, monetary policy and secular changes in competition.
主题	Microeconomics ; Households and Firms ; Market Structure and Distribution ; Macroeconomics ; Business Cycles ; Monetary Policy ; Industrial Organization ; Market Structure and Firm Performance
URL	https://www.nber.org/papers/w26800
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/584473
推荐引用方式 GB/T 7714	Greg Kaplan,Piotr Zoch. Markups, Labor Market Inequality and the Nature of Work. 2020.

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
w26800.pdf（976KB）	智库出版物		限制开放	CC BY-NC-SA	浏览