Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2020 - Preliminary version: February 27, 2020
The functional income distribution in the US and most OECD countries has been characterized by an increasing capital … able to replicate the dynamics of the observed functional income distribution in the US during the 1965-2015 period. In … particular, we demonstrate that the fall in the wage share would have been significantly smaller if labor and capital income tax …