// definition
Labour share
Labour compensation relative to value added
freshreviewed 0 days ago
Short definition
The fraction of value added attributed to labour compensation. Employee compensation includes wages and employer social contributions; some aggregate measures also impute self-employed labour income. The sector, tax treatment and value-added convention must be specified. The share can fall even while pay rises.
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Primary sources
- OECD, Compendium of Productivity Indicators 2024, Labour income and productivityLabour-share definition, scope and divergence between productivity and compensation.
- OECD, Employee compensation by activityEmployee compensation including employer social contributions.