This paper investigates labor and profit share trends across Advanced Economies. It shows that Real Estate is the primary driver of declining labor shares outside the US. Excluding Real Estate, non-US labor and profit shares have remained relatively stable since the 1970s. By contrast, the US...

We identify two undocumented measurement challenges affecting corporate sector labor shares outside the United States: the inclusion of dwellings and the inclusion of self-employed workers in the corresponding sectoral accounts. Both issues have become more important over time, biasing corporate...

We show that cross-country comparisons of corporate labor shares are affected by differences in the delineation of corporate sectors. While the US excludes all self-employed and most dwellings from the corporate sector, other countries include large amounts of both — biasing labor shares...