Distributive shares in the US economy, 1964–2001

Price–price deviations are highly persistent

“…After Osuna (2005-2006), among others, we restrict our attention to the private sector, though, in keeping with the literature, we do not distinguish between productive and unproductive activities (see for instance Tsoulfidis, 2008;Tsoulfidis and Paitaridis, 2009). This distinction remains problematic in the literature also because national statistical agencies do not consider it and shared conventions have not developed so far (for surveys see Vaona, 2011a, 249;Mohun, 2006). 2 Our aggregate price measure is PROD.…”

“…For instance -just to remark how problematic is the issue -Mohun (2006) considers Finance as an unproductive sector. However, wealth management is, for instance, a commodity service produced for profit under a hierarchical structure, which would make it a productive activity.3 For Italy: http://www3.istat.it/salastampa/comunicati/non calendario/20100701 00/.…”

Top income shares and aggregate wealth-income ratio in a two-class corporate economy

“…The increasing gap between the conventionally measured and the expanded profit shares corresponds to the increasing share of the top one percent labor income since the early 1980s, 4 Mohun (2006) provides an empirical analysis along the lines.…”

The Labor Share Question in China

“…The other different approach is also a Marxian approach, which integrates the Marxian theory of value with a class analysis (Mohun 2005(Mohun , 2013. This approach defines the working class and the capitalist class in the first place.…”

“…This approach defines the working class and the capitalist class in the first place. Mohun (2005; suggests that both workers in productive sectors and unproductive sectors belong to the working class and both capital owners and supervisory personals belong to the capitalist class and then calculates distributive shares of classes in new value. While this approach is useful, here I do not apply it because its definition of the working class has exceeded the sphere of production such that such that it is difficult to see how the power relation in the sphere of production affects distribution.…”