to substantial differences in labor-market equilibrium between bargained and posted wages. The fraction of workers hired …

used to interpret changes in the relative quantities, wages, and wage bill shares of workers by education in the aggregate … U.S. labor market in each decade since 1940 and from 1990 to 1995. The results suggest that the relative demand for …

used to interpret changes in the relative quantities, wages, and wage bill shares of workers by education in the aggregate … U.S. labor market in each decade since 1940 and from 1990 to 1995. The results suggest that the relative demand for …

less in sectors that more intensively utilize less-skilled labor. The latter finding is consistent with the Stolper …

less in sectors that more intensively utilize less-skilled labor. The latter finding is consistent with the Stolper …

This paper considers conceptual and practical issues that arise in measuring labor's share of national income. Most … importantly: How are workers defined? How is compensation defined? The current definition of labor compensation used the Bureau of … Economic Analysis (BEA) includes the salary of business owners and payments to retired workers in labor compensation. An …