We examine the efficiency properties of labor taxation. A spatial model of an economy is introduced whose key feature … is a new approach to restricted labor mobility. We characterize the efficient allocation of labor and properties of a … decentralized equilibrium. An efficient allocation of labor can be compatible with marginal productivity differentials stemming from …

In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production … function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these ….S. These results are used to explain the declining path of the labor income share, common to both economies, and their …

; labor market behavior ; transition ; state dependence … der Arbeit web site …

took place and trace back the development of wage labor within agriculture, industry and service sector. In particular, the …-industrial time the social organization of work occurred in various forms and that wage labor was rather a rare phenomenon in the … beginning of the 19th century. Hence, a widespread and functioning labor market cannot be identified at that time. Rudimentary …

How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group … of cooperating firms. The theory guides the measurement of labor "markdowns", i.e., the gap between wage and the value of …

the long-run effects on health, labor, and human capital of both historical pandemics (with a focus on the 1918 Influenza …