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SMU SOE Seminar (Oct 11, 2019): Labor Share Decline and Intellectual Property Products Capital
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TOPIC:
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LABOR SHARE DECLINE AND INTELLECTUAL PROPERTY PRODUCTS CAPITAL
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ABSTRACT
We study the behavior of the US labor share over the past 70 years. We find that the observed decline of the US labor share is entirely explained by the capitalization of intellectual property products in the national income and product accounts. We assess the implications of this result for the US macroeconomic model and discuss the way forward.
Keywords: Labor share, intellectual property products, capital, 1999- and 2013-BEA revisions.
JEL Codes: E01, E22, E25.
Click here to view the paper.
Click here to view the CV.
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PRESENTER
Raul Santaeulalia-Llopis
Universitat Autonoma de Barcelona
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RESEARCH FIELDS
Growth and Development
Quantitative Macroeconomics
Inequality
Factor Income Distribution
New Technologies
Insurance
Incentives
HIV/AIDS
Resource Allocation and Productivity
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DATE:
11 October 2019 (Friday)
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TIME:
4pm - 5.30pm
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VENUE:
Meeting Room 5.1, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903
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