The Labor Share of Income and Equilibrium Unemployment

Posted: 22 Oct 2015

See all articles by Andrew Figura

Andrew Figura

Board of Governors of the Federal Reserve System - Macroeconomic Analysis Section

David Ratner

Board of Governors of the Federal Reserve System

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

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

Andrew Figura (Contact Author)

Board of Governors of the Federal Reserve System - Macroeconomic Analysis Section ( email )

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David Ratner

Board of Governors of the Federal Reserve System ( email )

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