Description

This paper is motivated by two parallel trends: the declining labor share of income and
 increasing inequality. Micro and macroeconomic data, covering up to 93 countries between
 1970 and 2013, are used to assess whether the declining labor share of income has been a key
 factor driving growing inequality. The major conclusion is that changes in income inequality
 across a wide range of countries have been driven significantly by changes in the inequality
 of wages, while the distribution of income between labor and capital has not been a major
 factor.

More publications in this series: Working Papers

More publications by: Maura Francese ; Carlos Mulas-Granados