The decline in the labor share has attracted the attention of economists in recent years. Empirical literature has documented that this decline can be explained by the increasing capital intensity of the U.S. economy. This paper proposes a mechanism that accounts for the increasing capital...

Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across sectors and differences in factor proportions and capital...

Alan Krueger (1999) provides a measure of "raw" labor's share for the US postwar economy based on Mincerian regressions using Census data on individual earnings, schooling, and work experience. He finds that raw labor's share fell by over 8 percent from 1959 through 1996 to under 5 percent of...

This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...

The relative stability of aggregate labor share constitutes one of the great macroeconomic ratios. However, relative stability at the aggregate level masks the unbalanced nature of sectoral labor shares. We present a two-sector (manufacturing and services) model with induced innovation that can...

SURVEY: This article shows that applied econometric is not a way of selecting, from among a plethora of possible explanations of public spending evolution. It lists 19 explanations and 73 explanatory variables and provides evidence of the great confusion in this field and the relative emptiness...

The causal relationship between government revenue and government expenditure is an important subject in public economics especially to the control of budget deficit. The purpose of this study is to investigate the relationship between government revenue and government expenditure in Iran by...

The relationship between government size and the unemployment rate is investigated using a panel error-correction model that describes both the short-run dynamics and long-run determination of the unemployment rate. Using data from twenty OECD countries from 1970 to 1999 and after correcting for...

The predictions that economic freedom is beneficial in reducing corruption have not been found to be universally robust in empirical studies. The present work reviews this relation- ship by using rms' data in a cross-country survey and argues that approaches using aggreg- ated macro data have...

Beginning with the recent reorganisation of the principal Italian public research bodies, which has led to the founding of larger labs, this paper evaluates the presence of statistically significant relationships between the dimensions of the research bodies and the performance of the same. The...