Young, Andrew T. - In: Journal of Macroeconomics 32 (2010) 1, pp. 90-102
Solow (1958) argued that, from 1929 to 1954, US aggregate labor's share was not stable relative to what we would expect given individual industry labor's shares. I confirm and extend this result using data from 1958 to 1996 that includes 35 industries (roughly two-digit SIC level) and spans the...