Young, Andrew T.; Lawson, Robert A. - In: European Journal of Political Economy 33 (2014) C, pp. 20-36
We examine the empirical relationship between the institutions of economic freedom and labor shares in a panel of up to 93 countries covering 1970 through 2009. We find that a standard deviation increase in the Fraser Institute's Economic Freedom of the World (EFW) score is associated with about...