Book recommendations: the profit paradox, how do people form their expectations on macroeconomic issues, and narrative economics

In his very interesting book, Richard Curtin (who has directed the consumer sentiment survey of the University of Michigan for several decades) argues that consumers form expectations in a complex way using conscious and nonconscious processes.

What caught my eye today: How did U.S. consumers use their stimulus payments, origins of the decline in labor’s share, and COVID-19 in emerging markets

What caught my eye today: How did U.S. consumers use their stimulus payments, origins of the decline in labor’s share, and COVID-19 in emerging markets

Why is the labor share of income stable in Switzerland?

The labor share of income, that is, the proportion of national income that is paid to labor, has been declining in many advanced economies. Switzerland is one of the few countries with a relatively stable labor share. What are the drivers of this development? Real wages have risen only moderately in recent years in manyContinue reading “Why is the labor share of income stable in Switzerland?”