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Labor's declining share of income and rising inequality

Author

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  • Margaret M. Jacobson
  • Filippo Occhino

Abstract

Labor income has been declining as a share of total income earned in the United States for the past three decades. We look at the past effect of the labor share decline on income inequality, and we study the likely future path of the labor share and its implications for inequality.

Suggested Citation

  • Margaret M. Jacobson & Filippo Occhino, 2012. "Labor's declining share of income and rising inequality," Economic Commentary, Federal Reserve Bank of Cleveland, issue Sept.
  • Handle: RePEc:fip:fedcec:y:2012:i:sept.25:n:2012-13
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    Citations

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    Cited by:

    1. repec:bla:worlde:v:40:y:2017:i:11:p:2378-2402 is not listed on IDEAS
    2. Doan, Ha Thi Thanh & Wan, Guanghua, 2017. "Globalization and the Labor Share in National Income," ADBI Working Papers 639, Asian Development Bank Institute.
    3. Ferreira,Francisco H. G. & Firpo,Sergio P. & Messina,Julian, 2017. "Ageing poorly? : accounting for the decline in earnings inequality in Brazil, 1995-2012," Policy Research Working Paper Series 8018, The World Bank.
    4. Erik Bengtsson, 2014. "Labour's share in twentieth-century Sweden: a reinterpretation," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 62(3), pages 290-314, November.
    5. Milanovic, Branko, 2015. "Increasing capital income share and its effect on personal income inequality," MPRA Paper 67661, University Library of Munich, Germany.
    6. Benjamin Bridgman, 2014. "Is Labor's Loss Capital's Gain? Gross versus Net Labor Shares," BEA Working Papers 0114, Bureau of Economic Analysis.
    7. Ahsan, Reshad N. & Mitra, Devashish, 2014. "Trade liberalization and labor's slice of the pie: Evidence from Indian firms," Journal of Development Economics, Elsevier, vol. 108(C), pages 1-16.
    8. Armenter, Roc, 2015. "A bit of a miracle no more: the decline of the labor share," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 1-9.
    9. Bhaumik, Sumon K. & Dimova, Ralitza & Kumbhakar, Subal C. & Sun, Kai, 2014. "More Is Better! What Can Firm-Specific Estimates of the Impact of Institutional Quality on Performance Tell Us?," IZA Discussion Papers 7886, Institute for the Study of Labor (IZA).

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    Keywords

    Labor market ; Economic conditions;

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