TY - BOOK ID - 84783219 TI - Functional Income Distribution and Its Role in Explaining Inequality AU - Francese, Maura. AU - Mulas-Granados, Carlos. PY - 2015 SN - 151353498X 1513569392 1513543407 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Personal Income, Wealth, and Their Distributions KW - Factor Income Distribution KW - Aggregate Factor Income Distribution KW - Wages, Compensation, and Labor Costs: General KW - Labor Economics: General KW - Labour KW - income economics KW - Income inequality KW - Personal income KW - Income distribution KW - Labor share KW - National accounts KW - Income KW - Wages KW - Labor economics KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84783219 AB - This paper is motivated by two parallel trends: the declining labor share of income and increasing inequality. Micro and macroeconomic data, covering up to 93 countries between 1970 and 2013, are used to assess whether the declining labor share of income has been a key factor driving growing inequality. The major conclusion is that changes in income inequality across a wide range of countries have been driven significantly by changes in the inequality of wages, while the distribution of income between labor and capital has not been a major factor. ER -