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The Labor Share of Income and Equilibrium Unemployment

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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.

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  • Andrew Figura & David Ratner, 2015. "The Labor Share of Income and Equilibrium Unemployment," FEDS Notes 2015-06-08-1, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2015-06-08-1
    DOI: 10.17016/2380-7172.1553
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    File URL: https://www.federalreserve.gov/econresdata/notes/feds-notes/2015/labor-share-of-income-and-equilibrium-unemployment-20150608.html
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    Cited by:

    1. Thomas R. Michl, 2018. "Hysteresis in a Three-Equation Model," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(2), pages 305-322, April.
    2. Juan Carlos Berganza & Pedro del Río & Fructuoso Borrallo, 2016. "Determinants and implications of low global inflation rates," Occasional Papers 1608, Banco de España.
    3. Edwards, Ryan & Ortega, Francesc, 2017. "The economic contribution of unauthorized workers: An industry analysis," Regional Science and Urban Economics, Elsevier, vol. 67(C), pages 119-134.

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