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 Mar. 25, 2015 | ECONOMY | imf.org [Editor's note: The following is an excerpt from the International Monetary Fund's March issue of its Finance & Development Report.] Click image to view. …While our findings are consistent with prior views about the effects of the minimum wage, we find strong evidence that lower unionization is associated with an increase in top income shares in advances economies during the period 1980–2010, thus challenging preconceptions about the channels through which union density affects income distribution. This is the most novel aspect of our analysis, which sets the stage for further research on the link between the erosion of unions and the rise of inequality at the top. Full story…
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