We study the effects of North Macedonia's 2017 minimum wage reform - the largest in the country's history - using matched employer-employee administrative data covering the entire range of firms and employees, and a difference-in-differences design based on firms' pre-reform share of minimum...

Digital technology is increasingly blurring the lines between humans and machines, significantly influencing the distribution of income among workers. The question of how businesses can capitalise on the benefits of digital advancement by optimising internal human capital allocation during the...

In the context of improving the multi-level capital market structure and promoting common prosperity, we examine the impact of NEEQ's (National Equities Exchange and Quotations) tiered system on corporate labour share. We find that the corporate labour share significantly increases when the firm...

Brand capital - an intangible asset that differentiates a firm's products - has grown in recent decades, alongside the rise of intangible investments and the decline in the labor share. Trademarks are legal claims on brand capital and are actively traded across firms, providing a setting to...