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Labor's Declining Share of Income and Rising Inequality

Margaret Jacobson, Filippo Occhino
2011 Federal Reserve Bank of Cleveland. Economic Commentary  

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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.
doi:10.26509/frbc-ec-201213 fatcat:apad43xzcrbo7dgdnghlnx6imi
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Margaret Jacobson, Filippo Occhino. "Labor's Declining Share of Income and Rising Inequality." Federal Reserve Bank of Cleveland. Economic Commentary (2011) 1-6