I saw a couple of graphs of labor share of GDP on Twitter yesterday and so I thought I'd look into it using the dynamic equilibrium model. The dynamic equilibrium model of wages has roughly similar structure to that for NGDP; using that model [1] we can produce a description of
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Women in the workforce and labor share
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I saw a couple of graphs of labor share of GDP on Twitter yesterday and so I thought I'd look into it using the dynamic equilibrium model. The dynamic equilibrium model of wages has roughly similar structure to that for NGDP; using that model [1] we can produce a description of