Labor's Share of Income in an Open Economy: The Case of Canada
This paper examines the secular and cyclical behavior of labor's share of income in Canada. Some of the notable findings are: (a) labor's share of income in the whole economy shows an upward trend and a procyclical pattern; (b) the share of production workers' wages shows a downward trend and an acyclical behavior; and (c) labor's share of income is highly correlated with the profit rate over short-run cycles.
Year of publication: |
1988
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Authors: | Islam, Sadequl |
Published in: |
Review of Radical Political Economics. - Union for Radical Political Economics. - Vol. 20.1988, 2-3, p. 214-222
|
Publisher: |
Union for Radical Political Economics |
Saved in:
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