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The Elusive Explanation for the Declining Labor Share

Citations

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Cited by:

  1. Andreas Reinstaller & Michael Weichselbaumer, 2023. "Labor productivity and the standard of living in Austria," Reports 0423, Büro des Produktivitätsrates.
  2. Masayuki MORIKAWA, 2025. "Are Productivity and Wages Decoupling in Japan? Divergence between macro and micro relationships," Discussion papers 25106, Research Institute of Economy, Trade and Industry (RIETI).
  3. Vinicius Curti Cícero & Daniele Tavani, 2024. "Institutional changes, effective demand and inequality: a structuralist model of secular stagnation," Working Papers PKWP2410, Post Keynesian Economics Society (PKES).
  4. Reshef, Ariell & Santoni, Gianluca, 2023. "Are your labor shares set in Beijing? The view through the lens of global value chains," European Economic Review, Elsevier, vol. 155(C).
  5. Bento, Pedro, 2025. "Female entrepreneurship in the U.S. 1982–2012: Implications for welfare and aggregate output," Journal of Monetary Economics, Elsevier, vol. 149(C).
  6. Harrison, Ann, 2024. "Disentangling Various Explanations for the Declining Labor Share: Evidence from Millions of Firm Records," CEPR Discussion Papers 19767, Centre for Economic Policy Research.
  7. Lionel Fontagné & Ariell Reshef & Gianluca Santoni & Giulio Vannelli, 2024. "Automation, global value chains and functional specialization," Review of International Economics, Wiley Blackwell, vol. 32(2), pages 662-691, May.
  8. Amaresh K Tiwari, 2023. "Automation In An Open, Catching-Up Economy: Aggregate And Microeconometric Evidence," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 144, Faculty of Economics and Business Administration, University of Tartu (Estonia).
  9. Sabien Dobbelaere & Catherine Fuss & Mark Vancauteren, 2022. "Does offshoring shape labor market imperfections? A comparative analysis of Belgian and Dutch firms," Working Paper Research 425, National Bank of Belgium.
  10. Marjan Petreski & Stefan Tanevski, 2024. "‘Bargain your share’: the role of workers’ bargaining power for labor share, with reference to transition economies," Empirical Economics, Springer, vol. 67(5), pages 2241-2288, November.
  11. Carolina Villegas-Sanchez, 2025. "Business dynamism and the life cycle of firms: a firm-level analysis of Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 16(2), pages 297-320, June.
  12. Klein, Michael A., 2025. "Patent policy, invention and innovation in the theory of Schumpeterian growth," Journal of Economic Dynamics and Control, Elsevier, vol. 176(C).
  13. Aaberge, Rolf & Modalsli, Jørgen & Francesconi, Marco & Vestad, Ola L., 2024. "How Business Income Measures Affect Income Inequality and the Tax Burden," IZA Discussion Papers 17458, IZA Network @ LISER.
  14. Ashraf Mishrif & Mohamed A. Hammad, 2024. "Multi-Factor Cost Adjustment for Enhanced Export-Oriented Production Capacity in Manufacturing Firms," Economies, MDPI, vol. 12(8), pages 1-25, August.
  15. Liu, Huilong & Wang, Yifei & Xie, Jing & Yin, Jun, 2026. "Judicial independence and firms’ labor share: Evidence from a quasi-natural experiment in China," Journal of Asian Economics, Elsevier, vol. 102(C).
  16. Dreger, Christian & Fourné, Marius & Holtemöller, Oliver, 2023. "Globalization, Productivity Growth, and Labor Compensation," IZA Discussion Papers 16010, IZA Network @ LISER.
  17. González-Rozada, Martín & Ruffo, Hernán, 2024. "Do trade agreements contribute to the decline in labor share? Evidence from Latin American countries," World Development, Elsevier, vol. 177(C).
  18. Shoki Kusaka & Tetsuji Okazaki & Ken Onishi & Naoki Wakamori, 2022. "The Decline of Labor Share and New Technology Diffusion: Implications forMarkups andMonopsony Power," CIRJE F-Series CIRJE-F-1208, CIRJE, Faculty of Economics, University of Tokyo.
  19. Shane Domican & Sijin Zhang, 2025. "How ageing and other economic factors have impacted New Zealand’s tax system," Treasury Analytical Notes Series an25/07, New Zealand Treasury.
  20. repec:ptu:bdpart:e202501 is not listed on IDEAS
  21. Schwark, Florentine & Tryphonides, Andreas, 2025. "The effects of digitalization on production," European Economic Review, Elsevier, vol. 171(C).
  22. Ali Sen, 2024. "Structural Change at a Disaggregated Level: Sectoral Heterogeneity Matters," Working Papers 048, The Productivity Institute.
  23. Sossdorf, Fernando, 2025. "Market concentration and its impact on labour share and wage inequality: a historical perspective on Chilean manufacturing (1995–2007)," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
  24. Fabrizio Leone, 2023. "Multinationals, robots and the labor share," CEP Discussion Papers dp1900, Centre for Economic Performance, LSE.
  25. Qiu, Xincheng & Yoshida, Masahiro, 2024. "Climate Change and the Decline of Labor Share," IZA Discussion Papers 17485, IZA Network @ LISER.
  26. Alex Chernoff & Gabriela Galassi, 2023. "Digitalization: Labour Markets," Discussion Papers 2023-16, Bank of Canada.
  27. Hoang, Trang & Mitra, Devashish & Pham, Hoang, 2024. "The Effect of Export Market Access on Labor Market Power: Firm-Level Evidence from Vietnam," IZA Discussion Papers 17196, IZA Network @ LISER.
  28. Si, Deng-Kui & Meng, Mingyue & Wang, Jiaming & Zhou, Fuyou, 2024. "Does capital market liberalization increase corporate labor income share? Evidence from China," Economic Modelling, Elsevier, vol. 141(C).
  29. repec:cam:camjip:2410 is not listed on IDEAS
  30. Roya Taherifar & Mark J. Holmes & Gazi M. Hassan, 2023. "The drivers of labour share and impact on pay inequality: A firm-level investigation," Working Papers in Economics 23/03, University of Waikato.
  31. Spencer Bastani & Daniel Waldenström, 2024. "AI, automation and taxation," Chapters, in: Stéphane Carcillo & Stefano Scarpetta (ed.), Handbook on Labour Markets in Transition, chapter 19, pages 354-370, Edward Elgar Publishing.
  32. Emily G. Moschini & Gajendran Raveendranathan & Ming Xu, 2022. "Over-optimism About Graduation and College Financial Aid," Department of Economics Working Papers 2022-09, McMaster University.
  33. Juan Qian & Ruibing Ji, 2022. "Impact of Energy-Biased Technological Progress on Inclusive Green Growth," Sustainability, MDPI, vol. 14(23), pages 1-24, December.
  34. Akin A. Cilekoglu, 2023. ""Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters"," IREA Working Papers 202307, University of Barcelona, Research Institute of Applied Economics, revised Jul 2023.
  35. Alvaro Cháves & Alejandro Mesa & Fernando Mesa, 2023. "Slow Dynamics of Job Flow Rates in Colombian Industry," Coyuntura Económica, Fedesarrollo, vol. 53, pages 29-50.
  36. Velic, Adnan, 2025. "Relative finance wages and inequality: A role for intangibles?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 103(C).
  37. Haarburger, Richard & Stemmler, Henry, 2023. "Taking over the World? Automation and Market Power," EconStor Preprints 281378, ZBW - Leibniz Information Centre for Economics.
  38. Zhu, Wenpeng, 2023. "Digital financial inclusion and the share of labor income: Firm-level evidence," Finance Research Letters, Elsevier, vol. 56(C).
  39. Pengfei Zhang, 2023. "Endogenous capital-augmenting R&D, intersectoral labor reallocation, and the movement of the labor share," Journal of Economics, Springer, vol. 140(1), pages 1-36, September.
  40. Guo, Bingnan & Feng, Weizhe & Lin, Ji, 2024. "The impact of green finance on labor income share: Evidence from green finance reform and innovation pilot zone," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1347-1358.
  41. Madeira, Carlos & Salazar, Leonardo, 2023. "The impact of monetary policy on a labor market with heterogeneous workers: The case of Chile," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(2).
  42. Mertens, Matthias, 2022. "Micro-mechanisms behind declining labor shares: Rising market power and changing modes of production," International Journal of Industrial Organization, Elsevier, vol. 81(C).
  43. Jing Hang, 2025. "Market power, input substitution and the labor share," Economics Bulletin, AccessEcon, vol. 45(2), pages 970-978.
  44. Çürük, Malik & Rozendaal, Rik, 2022. "Labor Share, Industry Concentration and Energy Prices : Evidence from Europe," Discussion Paper 2022-023, Tilburg University, Center for Economic Research.
  45. Riandy Laksono & Arianto A. Patunru, 2024. "The dynamics of labor share decline in manufacturing: Evidence from Indonesia," Departmental Working Papers 2024-3, The Australian National University, Arndt-Corden Department of Economics.
  46. repec:ces:ceswps:_11396 is not listed on IDEAS
  47. Andreas Teichgraber & John Van Reenen, 2021. "Have Productivity and Pay Decoupled in the UK?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 41, pages 31-60, Fall.
  48. Christopher R. Herdelin, 2025. "The Impact of the Unemployment Rate Gap on the Labor Share of Income," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 51(3), pages 456-471, June.
  49. Manuel Coutinho Pereira, 2025. "A firm-level analysis of the labour share in Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
  50. Cairó, Isabel & Sim, Jae, 2024. "Market power, inequality, and financial instability," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
  51. Juan E. Jacobo, 2022. "Back to the Surplus: An Unorthodox Neoclassical Model of Growth, Distribution and Unemployment with Technical Change," Papers 2211.14978, arXiv.org.
  52. Boldrin, Michele & Levine, David K. & Wang, Yong & Zhu, Lijun, 2024. "A theory of the dynamics of factor shares," Journal of Monetary Economics, Elsevier, vol. 148(C).
  53. Jacob, Tinu Iype & Paul, Sunil, 2024. "Labour income share, market power and automation: Evidence from an emerging economy," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 37-45.
  54. Ichiro Muto & Fumitaka Nakamura & Makoto Nirei, 2024. "Digitalization, Entrepreneurship, and Wealth Inequality," IMES Discussion Paper Series 24-E-01, Institute for Monetary and Economic Studies, Bank of Japan.
  55. Vahagn Jerbashian, 2026. "On the elasticity of substitution between labor and ICT and IP capital and traditional capital," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 60, April.
  56. Agustin Velasquez, 2023. "Production Technology, Market Power, and the Decline of the Labor Share," IMF Working Papers 2023/032, International Monetary Fund.
  57. B. N. Kausik, 2023. "Cognitive Aging and Labor Share," Papers 2308.14982, arXiv.org, revised Jan 2024.
  58. Jagannath Mallick, 2024. "Impact of economic globalisation and productivity on labour share in India and China," Indian Economic Review, Springer, vol. 59(1), pages 137-168, June.
  59. Jiyoon Oh, 2025. "The Micro-Level Anatomy of Korea’s Rising Labor Share," Korean Economic Review, Korean Economic Association, vol. 41, pages 175-210.
  60. Florentine Schwark & Andreas Tryphonides, 2022. "Digitalization and Resilience to Disaggregate Shocks," University of Cyprus Working Papers in Economics 08-2022, University of Cyprus Department of Economics.
  61. Yu, Fan & Zheng, Shilin & Zheng, Shuhong & Guo, Chenhao, 2024. "Does carbon ETS affect the distribution of labor's slice of the factor income pie? From the low carbon transition perspective," Energy Economics, Elsevier, vol. 134(C).
  62. Cornevin, Antoine & Corrales, Juan Sebastian & Mojica, Juan Pablo Angel, 2024. "Do tax revenues track economic growth? Comparing panel data estimators," Economic Modelling, Elsevier, vol. 140(C).
  63. Arne Heise, 2024. "Keynes and the drunkard under the lamp post: Making sense of Palley," The Japanese Political Economy, Taylor & Francis Journals, vol. 50(1), pages 47-62, January.
  64. Alejandro Estefan & Roberto Gerhard & Joseph P. Kaboski & Illenin O. Kondo & Wei Qian, 2024. "Outsourcing Policy and Worker Outcomes: Causal Evidence from a Mexican Ban," NBER Working Papers 32024, National Bureau of Economic Research, Inc.
  65. Adnan Velic, 2023. "On Finance's Disparate Labor Share Dynamics: A Neoclassical Perspective," Trinity Economics Papers tep1523new, Trinity College Dublin, Department of Economics, revised Feb 2026.
  66. Adnan Velic, 2023. "Wages and the Role of Intangibles in Finance," Trinity Economics Papers tep0323, Trinity College Dublin, Department of Economics.
  67. Higo, Masahiro, 2023. "What caused the downward trend in Japan’s labor share?," Japan and the World Economy, Elsevier, vol. 67(C).
  68. Shohei Momoda & Takayuki Ogawa & Ryosuke Shimizu, 2025. "Automation and asymmetric international spillovers of technological shocks," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 58(2), pages 642-689, May.
  69. Wang, Weilong & Wang, Jianlong & Ye, Huiying & Wu, Haitao, 2024. "Polluted air, smarter factories? China's robot imports shed light on a potential link," Energy Economics, Elsevier, vol. 134(C).
  70. Castellacci, Fulvio, 2024. "Innovation and Income Inequalities: Comparing Entrepreneurial State and Standard Welfare Policies," MPRA Paper 124900, University Library of Munich, Germany, revised Apr 2025.
  71. Koch, Michael & Manuylov, Ilya, 2023. "Measuring the technological bias of robot adoption and its implications for the aggregate labor share," Research Policy, Elsevier, vol. 52(9).
  72. Jiale Yan, 2026. "Centralization of Environmental Governance and Skill Premium," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 89(1), pages 1-31, January.
  73. von Maydell, Richard, 2024. "Artificial Intelligence and its Effect on Competition and Factor Income Shares," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277654, Verein für Socialpolitik / German Economic Association, revised 2024.
  74. Si, Deng-Kui & Wang, Meng & Wang, Jiaming & Li, Hong-Xue, 2024. "Does banking competition increase corporate labor income share? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 440-454.
  75. Sekine, Toshitaka, 2022. "Looking from Gross Domestic Income: Alternative view of Japan’s economy," Japan and the World Economy, Elsevier, vol. 64(C).
  76. Xiao, De & Yu, Fan & Guo, Chenhao, 2023. "The impact of China's pilot carbon ETS on the labor income share: Based on an empirical method of combining PSM with staggered DID," Energy Economics, Elsevier, vol. 124(C).
  77. Yuqiang Cao & Meiting Lu & Yaowen Shan & Zhe Zhang & Yanglan Zu, 2025. "Digital Gains: FinTech Development and Labour Share," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(4), pages 3270-3290, December.
  78. Cheng, Rui & Li, Jing & Wu, Ting, 2024. "Competition policy and labor income share: Evidence from the antitrust policy in China," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 966-977.
  79. Vitor Costa, 2023. "Local Labor Market Effects of Mergers and Acquisitions in Developing Countries: Evidence from Brazil," Papers 2306.08797, arXiv.org.
  80. Barrot, Jean-Noël & Bonelli, Maxime & Grassi, Basile & Sauvagnat, Julien, 2024. "Causal effects of closing businesses in a pandemic," Journal of Financial Economics, Elsevier, vol. 154(C).
  81. Asheim, Geir B. & Hartwick, John M. & Yamaguchi, Rintaro, 2023. "Sustainable per capita consumption under population growth," Resource and Energy Economics, Elsevier, vol. 73(C).
  82. Bastani, Spencer & Karlsson, Kristina & Kolsrud, Jonas & Waldenström, Daniel, 2024. "The Capital Advantage: Comparing Returns to Ability in the Labor and Capital Markets," Working Papers in Economics and Statistics 1/2024, Linnaeus University, School of Business and Economics, Department of Economics and Statistics.
  83. Chu, Angus C. & Furukawa, Yuichi & Peretto, Pietro & Xu, Rongxin, 2024. "Agricultural trade and industrial development," MPRA Paper 122630, University Library of Munich, Germany.
  84. Codrina Rada & Ansel Schiavone & Rudi von Arnim, 2026. "The payroll share in US states: Evidence from fourteen sectors," Journal of Evolutionary Economics, Springer, vol. 36(1), pages 1-42, April.
  85. Daron Acemoglu & Pascual Restrepo, 2022. "Tasks, Automation, and the Rise in U.S. Wage Inequality," Econometrica, Econometric Society, vol. 90(5), pages 1973-2016, September.
  86. Akin A. Cilekoglu, 2023. "“Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters”," AQR Working Papers 202304, University of Barcelona, Regional Quantitative Analysis Group, revised Jul 2023.
  87. Crescioli, Tommaso & Martelli, Angelo, 2022. "Beyond the Great Reversal: Superstars, Unions, and the Euro," Single Market Economics Papers WP2022/8, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team.
  88. Joel M. David & Romain Rancière & David Zeke, 2023. "International Diversification, Reallocation, and the Labor Share," NBER Working Papers 31168, National Bureau of Economic Research, Inc.
  89. Ibarra, Carlos A. & Ros, Jaime, 2023. "Trade and factor intensity, and the transmission of the global shock to labor: A panel analysis of the fall of the labor income share in the Mexican manufacturing sector," Economic Systems, Elsevier, vol. 47(1).
  90. Egger Hartmut & Hirsch Boris, 2025. "Monopsonistic Labour Markets," German Economic Review, De Gruyter, vol. 26(4), pages 305-313.
  91. Adnan Velic, 2025. "Factor Substitution Possibilities, Labor Share Dynamics, and Inequality in an Age of Intangibles," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 71(1), February.
  92. Baek, Seungjin & Jeong, Deokjae, 2023. "Factors Influencing Labor Share: Automation, Task Innovation, and Elasticity of Substitution," MPRA Paper 118730, University Library of Munich, Germany.
  93. Bruno Bises & Francesco Bloise & Antonio Scialà, 2024. "Labor share as an "automatic stabilizer" of income inequality," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(2), pages 511-532, April.
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