We provide a new channel through which monetary policy has distributional consequences
at business cycle frequencies. We show that an unexpected monetary easing increases …

This article reviews the literature that examines the potential, limitations, and consequences
of robots and artificial intelligence (AI) in automation and augmentation across various …

We investigate whether the downward trend in the wage share is driven by technological
change or a decline in labour's bargaining power. We present an econometric analysis …

During the last decades, mature economies have tended to experience a divergence
between labour compensation and productivity growth. Interpretations of this trend are still …

This paper discusses how the structure of the tax system affects its progressivity. It suggests
a measure of progressive capacity of tax systems, based on the Kakwani index, but …

We provide novel insights on the functional distribution of income in the postwar US
economy, based on a Log Mean Divisia Index decomposition of the labor share by 14 …

This paper revisits the trade and wages debate of the 1990s in the light of widespread
concern that, contrary to the consensus from that debate, the costs of globalisation to less …

Arguments about the possibility and desirability of exponential economic growth have
animated the environmental movement for half a century, since the publication of the Club of …

There is an ongoing debate within political economy on how finance affects capital–labour
relations. Industrial relation scholars have demonstrated that financialization empowers …

Growth models in the tradition of Solow and Romer are framed in terms of production
functions. Consequently, they are equally subject to a criticism developed by, among others …