This study investigates the relative impact of financialisation, globalisation, welfare state retrenchment and technological change on functional income distribution. This is done with an (unbalanced) panel analysis covering up to 71 countries (28 advanced and 43 developing and emerging...

Since the 1980s, the share of wages in national income declined almost all over the world. This paper provides an overview of the evolution of labour's share in selected OECD countries. Several theoretical approaches explaining functional income distribution are summarised. In light of the...

Despite similar levels of per capita income, education and technology, the development of labour income shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. We first use a standard overlapping generations model to derive...