The Party of Big Business and the Party of the People

A Note on Trends in the Corporate Profit Share

Sidney G. Winter

Expert InsightsPublished 1966

An economic analysis of trends in the corporate profit share under the Truman, Eisenhower, and Kennedy-Johnson administrations. The two parties are compared with respect to their apparent impact on profits at given levels of slack in the economy. The method of least-squares is used to estimate the coefficients of a regression equation relating a profit share variable to measures of economic slack and trend terms. The coefficients of the trend terms are then examined. The data are annual figures for the period 1947-1965 in one-half of the cases and for 1948-1965 in the other half.

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Winter, Sidney G., The Party of Big Business and the Party of the People: A Note on Trends in the Corporate Profit Share. Santa Monica, CA: RAND Corporation, 1966. https://www.rand.org/pubs/papers/P3471.html.
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