Labor Share Decline and Intellectual Property Products Capital

We study the behavior of the US labor share over the past 65 years. We find that intellectual property products (IPP) capital entirely accounts for the observed decline of the US labor share, which otherwise is secularly constant for structures and equipment capital. The decline of the labor share reflects that the US is undergoing a transition to a more IPP capital-intensive economy. This result has essential implications for the US macroeconomic model

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Year of publication:	2016
Authors:	Koh, Dongya
Other Persons:	Santaeulàlia-Llopis, Raül (contributor) ; Zheng, Yu (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Immaterialgüterrechte \| Intellectual property rights \| Lohnquote \| Labor share

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Extent:	1 Online-Ressource (27 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2016 erstellt
Other identifiers:	10.2139/ssrn.2546974 [DOI]
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:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013005456