Rentier income share rose broadly across OECD countries in recent decades.

Evidence

Epstein and Jayadev examine the ‘rentier share’ of national income, which they define as profits of financial firms, plus interest income generated by non-financial firms and households. While the objective of their research is somewhat distinct, their results are broadly confirmatory of those reported in this paper. Their work is also useful for showing that these trends extend broadly across the OECD countries. — Greta R. Krippner, The Financialization of the American…, 16

Categorization

• DEFINE: Defines the ‘rentier share’ concept as financial-firm profits plus interest income from non-financial firms and households.
• XREF: Connects to Epstein and Jayadev’s work on rentier income, complementary to Krippner’s accumulation-centered view. — connects to: US income inequality roughly doubled between 1980 and 2007. — Mark Blyth, Austerity: The History of a Dangerous…, 59; Global wealth concentration has reached extreme, quantified levels over the past decade — Clara E. Mattei, Escape from Capitalism, 27; A rising rent share of income reduces investment and stunts growth — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 941 (+2 more)

Related

• US income inequality roughly doubled between 1980 and 2007. (similarity 0.80)
• Global wealth concentration has reached extreme, quantified levels over the past decade (similarity 0.79)
• Sixty-five percent of recent US income growth went to the top one percent (similarity 0.79)
• A rising rent share of income reduces investment and stunts growth (similarity 0.78)
• Financialization channels income toward the wealthy and depresses productive investment and wages. (similarity 0.78)

Broader Connections

• A rising rent share of income reduces investment and stunts growth #expands (0.80) — Yanis Varoufakis, Technofeudalism, 941
• Rent has replaced profit as the driving force of the economy. #expands (0.78) — Yanis Varoufakis, Technofeudalism, 504
• Two-thirds of recent global wealth went to the top one percent #corroborates (0.72) — Clara E. Mattei, Escape from Capitalism, 382