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Labor's Share of Income in an Open Economy: The Case of Canada

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  • Sadequl Islam

    (Department of Economics, Mount Allison University, Sackville, N.B., Canada EOA 3CO.)

Abstract

This paper examines the secular and cyclical behavior of labor's share of income in Canada. Some of the notable findings are: (a) labor's share of income in the whole economy shows an upward trend and a procyclical pattern; (b) the share of production workers' wages shows a downward trend and an acyclical behavior; and (c) labor's share of income is highly correlated with the profit rate over short-run cycles.

Suggested Citation

  • Sadequl Islam, 1988. "Labor's Share of Income in an Open Economy: The Case of Canada," Review of Radical Political Economics, Union for Radical Political Economics, vol. 20(2-3), pages 214-222, June.
    • Handle: RePEc:sae:reorpe:v:20:y:1988:i:2-3:p:214-222
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