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

Version
V0
Resource Type
Dataset
Creator
  • Gutierrez, German (NYU Stern)
  • Piton, Sophie (Bank of England)
Publication Date
2020-08-26
Free Keywords
Labor Share; Real Estate; Self-employment
Description
  • Abstract

    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.
Temporal Coverage
  • 1970-01-01 / 2015-12-31
    Time Period: Thu Jan 01 00:00:00 EST 1970--Thu Dec 31 00:00:00 EST 2015
Geographic Coverage
  • Advanced Economies
Availability
Download
This study is freely available to the general public via web download.
Publications
  • Gutierrez, German, and Sophie Piton. “Revisiting the Global Decline of the (Non-Housing) Labor Share.” American Economic Review: Insights, n.d.

Update Metadata: 2020-08-29 | Issue Number: 1 | Registration Date: 2020-08-29

Gutierrez, German; Piton, Sophie (2020): Data and Code for: Revisiting the Global Decline of the (Non-Housing) Labor Share. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E115761