Labor Share Decline and Intellectual Property Products Capital

S-Tier

Journal: Econometrica

Year: 2020

Volume: 88

Issue: 6

Pages: 2609-2628

Authors (3)

Dongya Koh (not in RePEc) Raül Santaeulàlia‐Llopis (not in RePEc) Yu Zheng (Queen Mary University of Londo...)

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We study the behavior of the U.S. labor share over the past 90 years. We find that the observed decline of the labor share is entirely explained by the capitalization of intellectual property products in the national income and product accounts.

Labor Share Decline and Intellectual Property Products Capital

Authors (3)

Abstract

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