Elveren, Adem Yavuz; Davis, Cameron; Budd, Josh - In: International econometric review 14 (2022) 3, pp. 97-106
unit labor costs, and therefore increases profit rates. Using a dataset of 130 countries for 1990-2019, this paper shows … that while FLFP increases profit share in highincome countries, it reduces in middle-income countries. However, for both … middle- and highincome countries, FLFP cannot prevent the overall tendency in profit rates to decline caused by a consistent …