Kehrig, Matthias; Vincent, Nicolas - 2017 - First version: November 2015, this version: March 29, 2017
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's …. The labor share of the typical U.S. manufacturing plants, in contrast, rose by over 5 percentage points. We reconcile … downward adjustment of the labor share of those same plants over time. These two related forces account for almost all the …