In contrast with the experiences of the UK and the US, the distribution of labour and capital income has changed sharply in favour of capital in most Continental European and Nordic countries during the past two decades. We examine forces behind the evolution of the aggregate labour share by...

It is argued in order to explain large differences in the level of the development and the growth of economies cannot be adequately explained only by looking the traditional inputs of labour, capital and natural resources. The hypothesis is that also the role of social capital needs to be taken...

This study compares the job-broking market of Japan and Finland. The study is based on statistical and literature analysis and interviews at the Public Employment Service. The Japanese labour market can be divided into a new graduate market and a mid-career market. The Japanese recruitment...

The paper shows how entrepreneurial taxes interact with the career choice of individuals, the quality of entrepreneurs, and their investment behavior. It is particularly relevant to differentiate the early effects on start-up enterprises with substantial uncertainty from the tax effects on...

This paper examines further the human-capital augmented Solow growth model, that is, it continues the work of Mankiw, Romer and Weil (1992) and Islam (1995). A panel-data approach with yearly observations is adopted. The main contribution is letting technological progress vary across countries....

The present study analyses migration patterns in Finland to test if microeconomic evidence for the Harris-Todaro model can be found. The Harris-Todaro hypothesis states that rural-urban migration stems from regional differences in the wage level and the chances of finding work. To test the...