Karabarbounis, Loukas; Neiman, Brent; Adams, Jonathan - Society for Economic Dynamics - SED - 2014
The share of aggregate income paid as compensation to labor is frequently used as a proxy for income inequality. If … economies are the declining labor shares in income and the rise in income inequality. The relationship between factor shares and … inequality, however, is not so simple in a richer world with realistic features such as endogenous portfolio decisions and …