Has the Labour Share Declined?: It Depends
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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We revisit the issue of how best to measure the labour and capital shares in OECD economies, distinguishing between production- and income-based perspectives. The former adopts a producer perspective with gross income as a reference: it uses a production function in a market setting. The latter adopts a consumer perspective with net income as a...
