Seip, Knut Lehre; McNown, Robert - In: Journal of Policy Modeling 37 (2015) 2, pp. 281-290
We find that from about 1965 to 1983 US employees’ compensation, EC, relative to corporate profit, CP, increases in the long run, and from 1984 to 2013 the compensation decreases relative to profit to about half its 1983 value. The first period includes “US peacetime inflation”,...