How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group … of cooperating firms. The theory guides the measurement of labor "markdowns", i.e., the gap between wage and the value of …

the long-run effects on health, labor, and human capital of both historical pandemics (with a focus on the 1918 Influenza …

We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we … obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self …

We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good …

This paper studies the conditions under which the scarcity of a factor (in particular, labor) encourages technological … supply of labor encourages technological progress. In contrast, the famous Habakkuk hypothesis in economic history claims … that technological progress was more rapid in 19th-century United States than in Britain because of labor scarcity in the …