Labor Share Decline and Intellectual Property Products Capital
By Dongya Koh, Raül Santaeulàlia-Llopis, Yu Zheng. Econometrica, 2020
211 citations recorded by the source corpus.
We study the behavior of the U.S. labor share over the past 90 years. We find that the observed decline of the labor share is entirely explained by the capitalization of intellectual property products in the national income and product accounts.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/5a2f89ec344e98e1ae92acd6d67caae739e301db
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Antonin Bergeaud
- Jonathan D. Ostry
- Philippe Aghion
- Davide Furceri
- Prakash Loungani
- T. Boppart
- Peter Howitt
- Daron Acemoglu
Citations in the corpus
- David Autor, David A. Mindell, and Elisabeth B. Reynolds: The Work of the Future—Building Better Jobs in an Age of Intelligent Machines (2022, background): “…as evidence that technology is putting pressure on inequality, but other theories of the falling labor share exist that are not mentioned in the book such as changing demographics (Glover and Short 2021); changing capital composition (Eden and Gaggi 2019); and even mismeasurement (Koh et al. 2020).”
- The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data (2018, background): “, 2017; measurement issues (Rognlie, 2015; Koh et al., 2016; Bridgman, 2017); and labor market institutions (Bentolila and Saint-Paul, 2003; Ciminelli et al.”
- A Theory of Falling Growth and Rising Rents (2019, result): “This is in line with the finding in Koh et al. (2016). Despite the overall increase in the intangible share (i.”