MEF Seminar Wintersemester 2021/22

Greg Kaplan (University of Chicago) 06.10.2021

We demonstrate the importance of distinguishing between the traditional use of labor for production, versus alternative uses of labor for overhead, marketing and other expansionary activities, for studying the distribution of both factor income and labor income. We use our framework to assess the impact of changes in markups on the overall labor share and on labor income inequality across occupations. We identify the production and expansionary content of different occupations from the co-movement of occupational income shares with markup-induced changes in the labor share. We find that around one-fifth of US labor income compensates expansionary activities, and that occupations with larger expansionary content have experienced the fastest wage and employment growth since 1980.
Time
Wednesday, 06.10.2021
Topic
"Markups, Labor Market Inequality and the Nature of Work"
Target groups

Students

Researchers

Location
via Zoom
Reservation
No
Organizer
Institute for Macroeconomics and Econometrics
Contact
Wird geladen