. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital … income may be non-zero, reversing the standard prediction of the Ramsey tax literature. The zero labor tax is an optimal long … sovereign debt constraints. The front loading of labor taxes allows the economy to build a large (aggregate) debt position in …

productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask … to what extent the gap is still present when better measures of sector labor inputs and value added are taken into …

We study the effect of mean-preserving labor reallocation on business cycle outcomes. We develop an empirical … model of the labor market. The model reproduces the empirical results subject to inclusion of two key, empirically plausible …

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

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 …

We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian …

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

recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … may be because BHC indices decompose ALP growth using plant-level output-per-labor (OL) as a proxy for the marginal … product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that …