Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Nov, 2020, Volume 88, Issue 6

Labor Share Decline and Intellectual Property Products Capital

https://doi.org/10.3982/ECTA17477
p. 2609-2628

Dongya Koh, Raül Santaeulàlia‐Llopis, Yu Zheng

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.


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Supplement to "Labor Share Decline and Intellectual Property Products Capital"

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Supplement to "Labor Share Decline and Intellectual Property Products Capital"

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