Arbeitspapier
Labor share decline and intellectual property products capital
We study the behavior of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the implications of this result for the US macroeconomic model and discuss the way forward.
- Language
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Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 873
- Classification
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Wirtschaft
Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
Investment; Capital; Intangible Capital; Capacity
Aggregate Factor Income Distribution
- Subject
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Labor Share
Intellectual Property Products
Capital
- Event
-
Geistige Schöpfung
- (who)
-
Koh, Dongya
Santaeulàlia-Llopis, Raül
Zhen, Yu
- Event
-
Veröffentlichung
- (who)
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Queen Mary University of London, School of Economics and Finance
- (where)
-
London
- (when)
-
2018
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Koh, Dongya
- Santaeulàlia-Llopis, Raül
- Zhen, Yu
- Queen Mary University of London, School of Economics and Finance
Time of origin
- 2018
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