This paper investigates labor and profit share trends across Advanced Economies. It shows that Real Estate is the … primary driver of declining labor shares outside the US. Excluding Real Estate, non-US labor and profit shares have remained … relatively stable since the 1970s. By contrast, the US labor share declined and the profit share increased across virtually all …

inefficiency, we find that corruption enhances a firm's profitability. A channel analysis further reveals that inflating staff …