“The Micro-Level Anatomy of the Labor Share Decline”
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Kehrig and Vincent (2018) find that the reallocation term dominates in accounting for the aggregate fall in the labor share.
“Like us, Kehrig and Vincent (2018) find that the reallocation term dominates in accounting for the aggregate fall in the labor share.”
From The Fall of the Labor Share and the Rise of Superstar Firms* (2020) · cites this paper as Kehrig and Vincent (2018)
Section 4.2.2 says a decline in the covariance between establishment labor shares and market shares drives the manufacturing labor-share decline, supporting the broad importance of reallocation. But Section 4.3.2 finds that the shift-share decomposition’s change-in-weights term raises the labor share; the negative interaction term dominates instead. The evidence also concerns manufacturing, not the economy-wide labor share. (LLM, conf=0.86)
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- Authors
- Kehrig, M., & Vincent, N.
- Affiliations
- National Bureau of Economic Research (US)
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2018-11
- OpenAlex
- W3121908612
- Cited by
- 39
- References
- 34
- Citations by year
- 2026: 1 · 2025: 1 · 2024: 2 · 2023: 1 · 2022: 7 · 2021: 6 · 2020: 12 · 2019: 7 · 2018: 1 · 2017: 1
- Type
- report
- Language
- en
- Open access
- green
- doi.org
- Locations
- National Bureau of Economic Research (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- National Science Foundation (1758426)
- Fondation HEC
- HEC Montréal
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Labor market dynamics and wage inequality
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Historical Economic and Social Studies
- Keywords
- labor share decline, micro-level analysis, labor share, income distribution, wage share
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