Work

Labor’s Declining Share of Income and Rising Inequality

Year: 2011

Type: article

Abstract: 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.

Source: Economic Commentary (Federal Reserve Bank of Cleveland)

DOI: 10.26509/frbc-ec-201213

Authors: Margaret Jacobson, Filippo Occhino

Institution: Federal Reserve Bank of Cleveland

Language: English

Topic: Economic Theory and Policy

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Reduced inequalities, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W85199773

FWCI: 9.346

Cites: 5

Cited by: 53

Related to: 10