This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and 2012, we find that the rate of growth of public investment is higher at the beginning of electoral cycles and...

European authorities introduced stringent lockdown measures in early 2020 to reduce the transmission of COVID-19. As the first wave of infection curves flattened and the outbreak appeared controlled, most countries started to reopen their economies albeit using diverse strategies. This paper...

Cover -- Contents -- Abstract -- I. Introduction -- II. Review of the Literature -- III. Income Shares or the Distribution of Income? A Look at Household Data -- IV. Labor Share and Inequality in a Macro Framework -- V. Conclusion -- Figures -- 1. Income Inequality and Wage Share in Group of...