Giovannoni, Olivier - 2014
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 … incomes. Using NIPA and Piketty-Saez top-income data, we estimate that the US bottom 99 percent labor share has fallen 15 …