Slow productivity growth has put pressure on the distribution of income between wages and profits in ways that are not amenable to a US versus Europe dichotomy but vary between sectors (especially between manufacturing and service activities) as well as among countries. Over the 1980s and the...

The rise in inequality in the last two decades has affected most developed economies. The systemic nature of this inequality is the focus of this paper. A combination of product market internationalization, financial globalization and technological changes favoring large organizations created...