Razgūnė, Aušra; Lazutka, Romas - In: Review of Economic Perspectives 17 (2017) 2, pp. 121-139
Despite the fact that stability of labor share in national income is a key foundation in macroeconomic models, scientists acknowledge, that in the last three decades it has been declining around the world. The Baltic countries are not an exception; they follow similar patters to large economies,...