The Labor Share of Income and Equilibrium Unemployment
Posted: 22 Oct 2015
Date Written: June 08, 2015
Abstract
After rising to 10 percent in the wake of the Great Recession, the unemployment rate is now approaching a level that many observers--including the Congressional Budget Office, as shown in Figure 1--associate with the natural rate of unemployment.
Suggested Citation: Suggested Citation
Figura, Andrew and Ratner, David, The Labor Share of Income and Equilibrium Unemployment (June 08, 2015). FEDS Notes No. 2015-06-08-1 https://doi.org/10.17016/2380-7172.1553, Available at SSRN: https://ssrn.com/abstract=3716534
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.