type="main" xml:id="ecca12087-abs-0001" <p>This paper analyses wage inequality and the welfare effects of changes in capital and labour income tax rates for different types of agents. To achieve this, we develop a model that allows for capital–skill complementarity given non-uniform distributions...</p>

Against the background of firm-specific human capital theory, this paper investigates empirically the relative propensity of manufacturing industries in Japan, Germany, the United Kingdom, and the United States to hold excess labor over the business cycle. Both stock and utilization dimensions...