Journal Article
Measuring Labor Share in Developing Countries
Abstract: Oftentimes economists think of income in terms of its factor components: labor and capital. The labor share is the fraction of labor income over gross domestic product (GDP), while the capital share is similarly the fraction of capital income over GDP. The labor share used to not draw much attention from researchers because it was long considered to be constant over time. However, it is now well-documented that the labor share in developed countries has, in fact, declined over the last few decades, but evidence remains mixed for developing countries.
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2018
Volume: 26
Issue: 1
Order Number: 3