We study the cyclical dynamics of the value of a vacant position in labor markets characterized by search and matching frictions. We present a model of aggregate fluctuat[...]

Over the business cycle, labor's share of output is negatively but weakly correlated with output, and it lags output by about four quarters. Profits' share is strongly pr[...]

Ecuador, a developing small open economy, serves as an important case study for aggregate productivity growth and input reallocation. Since little is known about the econ[...]

We estimate an aggregate elasticity of substitution between capital and labor near or below one, which implies that capital deepening cannot explain the global decline in[...]

This paper contributes to the literature by documenting labour income share fluctuations in emerging-market economies and proposing an explanation for them. Time-series d[...]

This paper analyzes the differences in wage ratios of university graduates to less than university graduates, the education premium, in Canada and the United States from [...]

In continental Europe, labour shares in national income have exhibited considerable variation since 1970. Empirical and theoretical research suggests that the evolution o[...]