Productivity dispersion and sectoral labour shares in Europe
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The stability of the labour share of income is a fundamental feature of macroeconomic models, with broad implications for the shape of the production function, inequality, and macroeconomic dynamics. However, empirically, this share has been slowly declining in many countries for several decades, though its causes are subject of much debate. This...
