Labor share decline and intellectual property products capital

We study the behavior of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the implications of this result for the US macroeconomic model and discuss the way forward.

MoreLess

Year of publication:	2018
Authors:	Koh, Dongya ; Santaeulàlia-Llopis, Raül ; Zhen, Yu
Publisher:	London : Queen Mary University of London, School of Economics and Finance
Subject:	Labor Share \| Intellectual Property Products \| Capital \| 1999- and 2013-BEA Revisions

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	Working Paper ; 873
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1041111150 [GVK] hdl:10419/210428 [Handle]
Classification:	E01 - Measurement and Data on National Income and Product Accounts and Wealth ; E22 - Capital; Investment (including Inventories); Capacity ; E25 - Aggregate Factor Income Distribution
Source:	EconStor

Persistent link: https://www.econbiz.de/10012144215