Affiliation:
1. Center for Economic and Policy Research, Washington, DC, USA
Abstract
This paper examines the extent to which the growth in rents can explain the upward redistribution in income since 1980. It examines and provides preliminary estimates for the growth of rents in four main areas: increased patent and copyright rents, the growth of the financial sector, the increase in CEO pay due to the failure of the corporate governance, and the increase in pay for the most highly paid professionals due to protectionist barriers.
Subject
Economics and Econometrics,Philosophy
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