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Adjusted altemative Anthony Barkume Barkume and Lettau based on NIPA borís Bureau of Economic Bureau of Labor business owners capital income compensation per hour corporate ofﬁcers CPI-U Current Population Survey Data in column David deﬁned ECI and ECEC ECI payroll ECI survey Economic Research Employee Compensation employer contributions Employment Cost Index factor shares ﬁnd ﬁrst half ﬁxed-weighted ECI fringe beneﬁts human capital increase in laborís inﬂuence Krueger labor income measurement of laborís Measuring Laborís Share Michael Lettau Mimeo national accounts National Bureau national income NIPA compensation-per-hour NIPA data NIPA wage nomic nonfarm pensation percent proprietorís income raw labor raw laborís share reﬂect retired workers Retiree beneﬁts Retums to Education salary data derived salary income share of national Social Insurance stock options tional total compensation total wage trend in laborís U.S. Department underlying ECI data unincorporated wage and sal wage and salary wage series workerís earnings workers and ﬁrms