The Global Decline of the Labor Share

By Loukas Karabarbounis, Brent Neiman. 2014

2,233 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6a8646678a87664507f0e99ff70d8c313c4d3ebd

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In Economics and Econometrics

Citations in the corpus

Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation (2013, background): “Specifically, we can estimate a nested Phillips curve (7) which includes forecasts of both households and professional forecasters along with the unemployment gap.”
The Labor Market Impacts of Technological Change: From Unbridled Enthusiasm to Qualified Optimism to Vast Uncertainty (2022, background): “…in the first time interval of 1950 – 1987, but that automation subsequently outpaced task reinstatement in the second time interval of 1987 – 2017, which is consistent with labor’s falling share of national income occurring simultaneously ( Autor et al., 2020a; Karabarbounis and Neiman, 2014).”
The Decline of the US Labor Share Across Sectors (2019, background): “Karabarbounis and Neiman (2014) and Piketty (2014), among others, employ a neoclassical model with perfect competition in product and factor markets.”
When more Flexibility Yields more Fragility: the Microfoundations of Keynesian Aggregate Unemployment (2017, background): “Quite similarly, the share of wages in both GDP and corporate manufacturing value in most countries and most sectors in the two decades or more preceding the Great Recession dramatically decreased (for a detailed evidence, cf. Karabarbounis and Neiman, 2014).”
Technology, Vintage-Specific Human Capital, and Labor Displacement: Evidence from Linking Patents with Occupations∗ (2022, background): “2)—unlike the rate of unionization or the labor share which has been declining over the same period (Karabarbounis and Neiman, 2013). Second, we find little evidence that this gradient varies across worker groups with varying degrees of bargaining power (rates of unionization). Third, comparing work”
A Model of Secular Stagnation (2014, background): “See Karabarbounis and Neiman (2014) for evidence on the longterm decline in the relative price of capital goods. positive real interest rate.”
Racing with or Against the Machine? Evidence from Europe (2016, neutral): “Note that besides providing all our labor demand parameters, this procedure provides a check on these estimates: a reasonable value for the labor share κ would be close to two-thirds (Karabarbounis and Neiman, 2014), and our empirical model is in no way constrained to produce this.”
A Theory of Falling Growth and Rising Rents (2019, background): “…Chatterjee and Eyigungor (2022), who study rising concentration, and to recent papers on forces behind the declining aggregate labor share such as Karabarbounis and Neiman (2014), Farhi and Gourio (2018), Kaymak and Schott (2020), Barkai (2020), Koh, Santaeulàlia-Llopis and Zheng (2020) and…”
From Good to Bad Concentration? US Industries over the Past 30 Years (2019, background): “CEA (2016) and Grullon et al. (2019) document the broad increases in profits and concentration; Elsby et al. (2013) and Karabarbounis and Neiman (2014) document the decline in the labor share; and IMF (2014); Hall (2015); Fernald et al. (2017) discuss the decline in investment in the context of…”