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来源类型Working Paper
规范类型报告
DOI10.3386/w29165
来源IDWorking Paper 29165
The Elusive Explanation for the Declining Labor Share
Gene M. Grossman; Ezra Oberfield
发表日期2021-08-23
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Macroeconomics ; Consumption and Investment
URLhttps://www.nber.org/papers/w29165
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586838
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GB/T 7714
Gene M. Grossman,Ezra Oberfield. The Elusive Explanation for the Declining Labor Share. 2021.
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