01663cas a2200253 a 4500 AALejournalIMF016416 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513549828 1018-5941 BD-DhAAL BD-DhAAL Francese, Maura. Functional Income Distribution and Its Role in Explaining Inequality / Maura Francese, Carlos Mulas-Granados. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Mulas-Granados, Carlos. IMF Working Papers; Working Paper ; No. 2015/244 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/244/001.2015.issue-244-en.xml IMF e-Library