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An interindustry analysis of labor's share.

  • Economics


One of the puzzling features of the recent behavior of the economy has been the reversal of the historic relationship between the business cycle and labor's share of the national income as, for the first time, labor's share has increased during prosperous times. Using a refinement of the methods employed by Dunlop to investigate labor's share during the 1930's, the author of this article explores this problem on the interindustry level for the periods of 1930-1932, 1941-1943, and 1950-1953. He shows that the increase in labor's share resulted from very different intra- and inter-industry structural changes in each of these periods, and he suggests explanations for this changing pattern. (Author's abstract courtesy EBSCO.)

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