Measuring Labor's Share of Income
| Author | : Paul Gomme |
| Publisher | : |
| Total Pages | : 10 |
| Release | : 2004 |
| Genre | : Income distribution |
| ISBN | : |
Download Measuring Labor's Share of Income Book in PDF, Epub and Kindle
Measuring Labors Share
Download Measuring Labors Share full books in PDF, epub, and Kindle. Read online free Measuring Labors Share ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Measuring Labor's Share
| Author | : Alan B. Krueger |
| Publisher | : |
| Total Pages | : 13 |
| Release | : 1999 |
| Genre | : Income distribution |
| ISBN | : |
Download Measuring Labor's Share Book in PDF, Epub and Kindle
This paper considers conceptual and practical issues that arise in measuring labor's share of national income. Most importantly: How are workers defined? How is compensation defined? The current definition of labor compensation used the Bureau of Economic Analysis (BEA) includes the salary of business owners and payments to retired workers in labor compensation. An alternative series to the BEA's standard series is presented. In addition, a simple method for decomposing labor compensation into a component due to raw labor' and a component due to human capital is presented. Raw labor's share of national income is estimated using Census and CPS data. The share of national income attributable to raw labor increased from 9.6 percent to 13 percent between 1939 and 1959, remained at 12-13 percent between 1959 and 1979, and fell to 5 percent by 1996
Re-Measuring Labor's Share
| Author | : Hernando Zuleta |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
Download Re-Measuring Labor's Share Book in PDF, Epub and Kindle
Measuring labor's share of an economy's aggregate income seems straightforward, at least in principle. Count up wage and salary income, along with the value of benefits provided to employees, and divide it by total income. However, one fundamental concept of labor's share in macroeconomic theory is not the amount of aggregate income paid out to labor. Rather, it is the share of aggregate production that is attributable to "raw" units of labor. Or, otherwise stated, it is the share of aggregate income that would have been paid to laborers if they had no accumulated stocks of human capital.1 This share corresponds to an aggregate production function parameter: the elasticity of output with respect to physical (i.e. non-augmented or raw) units of labor (Robert Solow, 1957). In this paper we estimate annual raw labor's share for the US, 1949 to 1996.
Understanding National Accounts Second Edition
| Author | : Lequiller François |
| Publisher | : OECD Publishing |
| Total Pages | : 520 |
| Release | : 2014-10-20 |
| Genre | : |
| ISBN | : 9264214631 |
Download Understanding National Accounts Second Edition Book in PDF, Epub and Kindle
This is an update of OECD 2006 "Understanding National Accounts". It contains new data, new chapters and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010.
Measuring Capital in the New Economy
| Author | : Carol Corrado |
| Publisher | : University of Chicago Press |
| Total Pages | : 602 |
| Release | : 2009-02-15 |
| Genre | : Business & Economics |
| ISBN | : 0226116174 |
Download Measuring Capital in the New Economy Book in PDF, Epub and Kindle
As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we accurately appraising newer, high-technology capital? The answers to these questions have broad implications for the assessment of the economy's growth over the long term, for the pace of technological advancement in the economy, and for estimates of the nation's wealth. In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. In this detailed and thorough analysis of the problem and its solutions, the contributors study the nature of these relationships and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike.
Labor Income Share
| Author | : Saumik Paul |
| Publisher | : Springer Nature |
| Total Pages | : 281 |
| Release | : 2020-10-01 |
| Genre | : Business & Economics |
| ISBN | : 981156860X |
Download Labor Income Share Book in PDF, Epub and Kindle
This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations.
Labor Statistics Measurement Issues
| Author | : John Haltiwanger |
| Publisher | : University of Chicago Press |
| Total Pages | : 494 |
| Release | : 2007-12-01 |
| Genre | : Business & Economics |
| ISBN | : 0226314596 |
Download Labor Statistics Measurement Issues Book in PDF, Epub and Kindle
Rapidly changing technology, the globalization of markets, and the declining role of unions are just some of the factors that have led to dramatic changes in working conditions in the United States. Little attention has been paid to the difficult measurement problems underlying analysis of the labor market. Labor Statistics Measurement Issues helps to fill this gap by exploring key theoretical and practical issues in the measurement of employment, wages, and workplace practices. Some of the chapters in this volume explore the conceptual issues of what is needed, what is known, or what can be learned from existing data, and what needs have not been met by available data sources. Others make innovative uses of existing data to analyze these topics. Also included are papers examining how answers to important questions are affected by alternative measures used and how these can be reconciled. This important and useful book will find a large audience among labor economists and consumers of labor statistics.
What Do We Know About the Labor Share and the Profit Share?
| Author | : Olivier G. Giovannoni |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 2014 |
| Genre | : Income distribution |
| ISBN | : |
Download What Do We Know About the Labor Share and the Profit Share? Book in PDF, Epub and Kindle
Economic theory frequently assumes constant factor shares and often treats the topic as secondary. We will show that this is a mistake by deriving the first high-frequency measure of the US labor share for the whole economy. We find that the labor share has held remarkably steady indeed, but that the quasi-stability masks a sizable composition effect that is detrimental to labor. The wage component is falling fast and the stability is achieved by an increasing share of benefits and top incomes. Using NIPA and Piketty-Saez top-income data, we estimate that the US bottom 99 percent labor share has fallen 15 points since 1980. This amounts to a transfer of $1.8 trillion from labor to capital in 2012 alone and brings the US labor share to its 1920s level. The trend is similar in Europe and Japan. The decrease is even larger when the CPI is used instead of the GDP deflator in the calculation of the labor share.
Measurement Issues and Behavior of Productivity Variables
| Author | : Ali Dogramaci |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 269 |
| Release | : 2013-04-17 |
| Genre | : Business & Economics |
| ISBN | : 9401568677 |
Download Measurement Issues and Behavior of Productivity Variables Book in PDF, Epub and Kindle
This book presents a set of papers from the leading edge of current research on productivity analysis. The focus is on alternative forms of measurement, methods, and their implications. The book begins with a chapter by V. Corbo and J. de Melo comparing the effects of using different production frontier models for measuring technical efficiency when using census data. The second chapter (by H. Pesaran and R. Tarling) is a detailed analysi·s of measurement of labor and its variations over time. The next two chapters concern the measurement of capital. The first of these is written by M. F. Mohr; the second is by B. M. Fraumeni and D. W. Jorgenson. The final chapter is by I. B. Kravis, A. W. Heston, and R. Summers and concerns the behavior of productivity and service prices. Decisions for improving productivity rely upon explicit as well as implicit assumptions on how productivity is related to a variety of factors. Determining the right relationships hinges on how these factors are measured and how the models are set. This is why better understanding of measurement issues and behavior of variables related to productivity can lead more effective policies. We plan to continue in this series to present the current research of major different schools of thought in the field.
Labor in the New Economy
| Author | : Katharine G. Abraham |
| Publisher | : University of Chicago Press |
| Total Pages | : 520 |
| Release | : 2010-11-15 |
| Genre | : Business & Economics |
| ISBN | : 0226001466 |
Download Labor in the New Economy Book in PDF, Epub and Kindle
As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the new economy, including inequality of earnings and other forms of compensation, job security, employer reliance on temporary and contract workers, hours of work, and workplace safety and health. In order to better understand these vital issues, scholars must be able to accurately measure labor market activity. Thus, Labor in the New Economy also addresses a host of measurement issues: from the treatment of outliers, imputation methods, and weighting in the context of specific surveys to evaluating the strengths and weaknesses of data from different sources. At a time when employment is a central concern for individuals, businesses, and the government, this volume provides important insight into the recent past and will be a useful tool for researchers in the future.
