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Data and Code for: Revisiting the Global Decline of the (Non-Housing) Labor Share

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ICPSR2020-01-01 更新2026-04-16 收录
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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.

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2020-01-01
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