Open AccessLabor’s Declining Share of Income and Rising Inequality
Author(s) -
Margaret Jacobson,
Filippo Occhino
Publication year - 2011
Publication title -
economic commentary (federal reserve bank of cleveland)
Language(s) - English
Resource type - Journals
eISSN - 2163-3738
pISSN - 0428-1276
DOI - 10.26509/frbc-ec-201213
Subject(s) - economics , inequality , economic inequality , income distribution , wage share , labour economics , income shares , income inequality metrics , demographic economics , efficiency wage , wage , mathematical analysis , mathematics
Labor income has been declining as a share of total income earned in the United States for the past three decades. We look at the past effect of the labor share decline on income inequality, and we study the likely future path of the labor share and its implications for inequality.
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