Alan Krueger (1999) provides a measure of "raw" labor's share for the US postwar economy based on Mincerian regressions using Census data on individual earnings, schooling, and work experience. He finds that raw labor's share fell by over 8 percent from 1959 through 1996 to under 5 percent of...

The relative stability of aggregate labor share constitutes one of the great macroeconomic ratios. However, relative stability at the aggregate level masks the unbalanced nature of sectoral labor shares. We present a two-sector (manufacturing and services) model with induced innovation that can...

The relative stability of aggregate labor's share constitutes one of the great macroeconomic ratios. However, relative stability at the aggregate level masks the unbalanced nature of industry labor's shares - the Kuznets stylized facts underlie those of Kaldor. We present a two-sector - one...