In the United States, labor's share of income falls after a positive disturbance to productivity growth or inflation …, and it remains low for some time. Previous researchers have argued that the negative relationship between productivity … wages would predict the observed behavior of labor's share after a productivity disturbance, and it also predicts the …

variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe … cyclical employment fluctuations. -- Intensive margin ; extensive margin ; productivity ; business cycles ; variance …