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Title:Labor share decline and intellectual property products capital Author(s):KOH, Dongya; SANTAEULÀLIA-LLOPIS, Raül; ZHENG, Yu
Date:2015Type:Working PaperSeries/Number:EUI ECO; 2015/05Abstract:We study the behavior of the US labor share over the past 65 years. We find that intellectual property products (IPP) capital entirely accounts for the observed decline of the US labor share, which otherwise is secularly ...
Date:2015Type:Working PaperSeries/Number:EUI ECO; 2015/05Abstract:We study the behavior of the US labor share over the past 65 years. We find that intellectual property products (IPP) capital entirely accounts for the observed decline of the US labor share, which otherwise is secularly ...