Labor’s Declining Share of Income and Rising Inequality

Margaret Jacobson, Filippo Occhino

Economic Commentary (Federal Reserve Bank of Cleveland) · 2011 · 54 citations · 4 references

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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.

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