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. Overall, the findings suggest that initial conditions and economic and political institutions matter for the structure and …
Persistent link: https://www.econbiz.de/10011917010
This paper analyzes the determinants of the labor-capital split in national income for 20 countries since the late 1800s. Our main identification strategy focuses on unique historical quasi-experimental events: i) the introduction of universal suffrage, ii) close election wins of left-wing...
Persistent link: https://www.econbiz.de/10012615403