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The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s this rise has been accompanied by a rise in the level and variability of corporate profits whereas the labor share of income has declined. In this paper we ask whether these...
Persistent link: https://www.econbiz.de/10011906166
The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s this rise has been accompanied by a rise in the level and variability of corporate profits whereas the labor share of income has declined. In this paper we ask whether these...
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one to two decades; on this background, the parallel rise in profit shares in a number of European countries seems to be …. First, an empirical decomposition for two sub periods (1966-1981 and 1981-1996) suggests that the rise in profit shares …
Persistent link: https://www.econbiz.de/10014203188