inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …

sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued …