Journal Article
A bit of a miracle no more: the decline of the labor share
Abstract: Why has labor's share of national income been declining steeply? How income is divided between labor and capital has implications for inequality and long-run economic growth. But as Roc Armenter explains, measuring labor's share is not so straightforward.
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2015
Issue: Q3
Pages: 1-9