Tag Archives: Loukas Karabarbounis

Capital Depreciation and Labor Shares Around the World: Measurement and Implications

From Loukas Karabarbounis and Brent Neiman: The labor share is typically measured as compensation to labor relative to gross value added (“gross labor share”), in part because gross value added is more directly measured than net value added. Labor compensation relative … Continue reading

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The Cyclicality of the Opportunity Cost of Employment

From Gabe Chodorow-Reich and Loukas Karabarbounis:  The flow opportunity cost of moving from unemployment to employment consists of foregone public benefits and foregone utility from non-working time relative to consumption. Using detailed microdata, administrative data, and the structure of the search and … Continue reading

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Declining Labor Shares and Rising Corporate Profits

A few people have been posting about the global trend of falling labor shares (e.g. Tim Taylor) so I thought I’d highlight a paper by Loukas Karabarbounis and Brent Neiman on the subject. Here’s a non-technical summary. I haven’t had a … Continue reading

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