Data and Code for: Revisiting the Global Decline of the (Non-Housing) Labor Share
Principal Investigator(s): View help for Principal Investigator(s) German Gutierrez, NYU Stern; Sophie Piton, Bank of England
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| replication_files_main | 02/11/2020 06:17:PM | ||
|
|
application/pdf | 780.7 KB | 02/10/2020 10:29:AM |
Project Citation:
Gutierrez, German, and Piton, Sophie. Data and Code for: Revisiting the Global Decline of the (Non-Housing) Labor Share. Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-08-26. https://doi.org/10.3886/E115761V1
Project Description
Summary:
View help for Summary
We show that cross-country comparisons of corporate labor shares are affected by differences in the delineation of corporate sectors. While the US excludes all self-employed and most dwellings from the corporate sector, other countries include large amounts of both -- biasing labor shares downwards. We propose two methods to control for these differences and obtain `harmonized' non-housing labor share series. Contrary to common wisdom, the harmonized series remain stable or increase in all major advanced economies except the US and Canada. These new facts cast doubts on most technological explanations for the decline of the labor share.
Scope of Project
Subject Terms:
View help for Subject Terms
Labor Share;
Real Estate;
Self-employment
JEL Classification:
View help for JEL Classification
E22 Investment; Capital; Intangible Capital; Capacity
E25 Aggregate Factor Income Distribution
L85 Real Estate Services
E22 Investment; Capital; Intangible Capital; Capacity
E25 Aggregate Factor Income Distribution
L85 Real Estate Services
Geographic Coverage:
View help for Geographic Coverage
Advanced Economies
Time Period(s):
View help for Time Period(s)
1970 – 2015
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.