Tests for the efficiency wages hypothesis have proposed to use production functions to ask if wages increase can pay for themselves. Tests for rent sharing have used a profit term in the earings function. In this note the relationship between these tests is investigated empirically. Evidence is...

This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...