The Declining Labor Share of Income

http://hdr.undp.org/en/reports/global/hdr2010/papers/HDRP_2010_36.pdf

United Nations Development Programme
Human Development Reports
Research Paper 2010/36
November 2010
Francisco Rodriguez and Arjun Jayadev

Abstract
We use two distinct panel datasets to extract and examine data on the labor share of output. From the first, we examine trends in the economy-wide labor share and from the second, we examine trends in the labor share of the manufacturing sector over the last three decades. Both datasets show that labor shares have decreased, starting from about 1980, in most regions of the world.

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