This paper examines how far an increase in the intangible capital to output ratio contributes to changes in the labour share. We focus on a selection of OECD countries using industry-level data from 1995 to 2017. We show that the relationship between intangible capital and labour share is heterogeneous, and whether it is positive or negative depends on the types of intangibles and the growth regime of the national economy.
|Number of pages||41|
|Publication status||Unpublished - 1 Oct 2022|
- growth regimes
- intangible capital
- labour share
- Economics, Econometrics and Finance(all)
- General Economics,Econometrics and Finance