Discussion Paper
The Labor Share of Income and Equilibrium Unemployment
Abstract: After rising to 10 percent in the wake of the Great Recession, the unemployment rate is now approaching a level that many observers--including the Congressional Budget Office, as shown in Figure 1--associate with the natural rate of unemployment.
https://doi.org/10.17016/2380-7172.1553
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2015-06-08
Number: 2015-06-08-1
Order Number: 2015-06-08-1