Sarangi, Swayamsiddha - 2023
This paper studies the sub-sectoral contributions to aggregate manufacturing labor share decline in the US between 1979 … and 2019. Using the Log Mean Divisia index (LMDI) decomposition, the decline in the manufacturing sector's labor share is … manufacturing. Moreover, low labor share sub-sectors (especially Chemical products, Food and Beverage and Tobacco products, and …