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
David Ratner
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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