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022 _a13504851
040 _aMSU
_cMSU
_erda
_bEnglish
050 0 0 _aHB1.A666 APP
100 1 _aYoung Andrew T
_eauthor
245 1 0 _aRemeasuring labour's share
_ccreated by Andrew T. Young and Hernando Zuleta
264 1 _aNew York:
_bTaylor and Francis,
_c2013
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aApplied economics letters
_vVolume 20, number 5
520 3 _aKrueger (1999) provides a measure of ‘raw’ labour's share for the US post-war economy based on Mincerian regressions. He finds that raw labour's share fell by over 8 percentage points from 1959 to 1996. We provide an alternative estimate using direct observations on the wage rates of raw labour units, i.e. those with 8 years of education or less; aged 16–18 years. Our measure of raw labour's share is considerably higher on average than Krueger's. Furthermore, our measure rises during the later part of the sample and is over 22% by 1996.
650 _aLabour's share
_vFactor shares
_xDevelopment
700 1 _aZuleta Hernando
_eco-author
856 _uhttps://doi.org/10.1080/13504851.2012.718061
942 _2lcc
_cJA
999 _c163135
_d163135