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What Explains the Decline of the U.S. Labor Share of Income? : An Analysis of State and Industry Level Data.
The U.S. labor share of income has been on a secular downward trajectory since the beginning of the new millennium. Using data that are disaggregated across both state and industry, we show the decline in the labor share is broad-based but the extent of the fall varies greatly. Exploiting a new data...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
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| Colección: | IMF working paper ;
WP/17/167. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Table of Contents; Abstract; I. Introduction; II. Concepts and Measurement; A. Technology: Routinizability of Occupations; B. International Factors; C. Institutional Factors: Unionization; III. Key Drivers: Data; IV. Empirical Results; A. Shift-Share Analysis; B. Econometric Analysis; C. Robustness Checks; V. Conclusion and Policy Implications; References; Figures; 1. Labor Share: Overall and Corporate Sector; 2. Labor Share by State: Change 2001-2001; 3. Labor Share by Industry: Median Change Across States; 4. U.S. Labor Share and Income Inequality: 1967-2015.
- 5. Labor Share Drivers by Industry: Median Across States6. Labor Share Decline: Shift-Share, 2001-14; 7. Within Labor Share Decline: Contributions-Baseline; 8. Within Labor Share Decline: Contributions I; 9. Within Labor Share Decline: Contributions II; 10. Within Labor Share Decline: Contributions III; Tables; 1. NAICS Industry Codes; 2. Modeling the Change in Routinization and Offshorability, 2001-14; 3. Modeling the Change in the Labor Share; 4. Modeling the Change in the Labor Share: Robustness Checks I; 5. Modeling the Change in the Labor Share: Robustness Checks II.
- 6. Modeling the Change in the Labor Share: Robustness Checks IIIAppendix; I. Variable Construction.