Grossman, Gene M.; Helpman, Elhanan; Oberfield, Ezra; … - 2017
) and capital-skill complementarity à la Grossman et al. (2017), the steady-state labor share is positively correlated with … growth rate of per capita income can account for between one half and all of the observed decline in the U.S. labor share. …We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor …