Bassanini, Andrea; Manfredi, Thomas - In: Eurasian Business Review 4 (2014) 1, pp. 3-30
We examine the determinants of the within-industry decline of the labor share, using industry-level annual data for 25 OECD countries, 20 business-sector industries and covering up to 28 years. We find that total factor productivity growth—which captures (albeit imprecisely)...