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THE U.S. LABOR INCOME SHARE AND AUTOMATION SHOCKS.

The causes and consequences of the 1964–2016 swings in the U.S. labor income share/labor share (LS) are parsed through the lens of a structural model estimated on aggregate and LS series jointly. Where conventional models fall short, the present model yields a counter‐cyclical LS unconditionally and...

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Published in:Economic Inquiry Vol. 58; no. 1; pp. 294 - 319
Main Author: Charalampidis, Nikolaos
Format: Article
Published: Wiley-Blackwell Jan2020
Subjects:
Wages
Monetary policy
Automation
Economic shock
Social security individual investment accounts
Online Access:View this record in EBSCOhost

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