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Labor's declining share of income and rising inequality

Author Info

Listed author(s):
  • 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.

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File URL: https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2012-economic-commentaries/ec-201213-labors-declining-share-of-income-and-rising-inequality.aspx
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Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2012)
Issue (Month): Sept ()
Pages:

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Handle: RePEc:fip:fedcec:y:2012:i:sept.25:n:2012-13
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Keywords: Labor market ; Economic conditions;

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Cited by:

  1. Francisco H. G. Ferreira & Sergio P. Firpo & Julián Messina, 2017. "Ageing Poorly?: Accounting for the Decline in Earnings Inequality in Brazil, 1995-2012," IDB Publications (Working Papers) 98197, Inter-American Development Bank.
  2. Milanovic, Branko, 2015. "Increasing capital income share and its effect on personal income inequality," MPRA Paper 67661, University Library of Munich, Germany.
  3. 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).
  4. 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.
  5. Benjamin Bridgman, 2014. "Is Labor's Loss Capital's Gain? Gross versus Net Labor Shares," BEA Working Papers 0114, Bureau of Economic Analysis.
  6. 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.
  7. Doan, Ha Thi Thanh & Wan, Guanghua, 2017. "Globalization and the Labor Share in National Income," ADBI Working Papers 639, Asian Development Bank Institute.
  8. 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.

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