Muck, Jakub; McAdam, Peter; Growiec, Jakub - 2015
We document the consequences of ambiguity in the empirical definition of the macroeconomic labor share. Depending on … discrepancies between the alternative labor share definitions in terms of the observed stochastic trends, shares of short-, medium … accounting, the identification of short-run responses of the labor share to technology shocks and for estimating inflation. …