Dr. Rudi von Arnim is an Associate Professor in the Department of Economics and is currently serving as the Director of Undergraduate Studies at the University of Utah. He earned his PhD in economics at the New School for Social Research in New York, NY, in 2008. His research currently focuses on (1) the causes and consequences of inequality, specifically the precipitous decline in the fall of the share of income that accrues to employees; (2) the reasons for the slowdown in the rate of growth across a number of advanced countries; and (3) the macroeconomic effects of multilateral trade agreements. On these themes, he has worked with and consulted for G24, UNDP, UNCTAD, ILO’s Institute for International Studies (IILS) as well as OEFSE (Austrian Foundation for Development Research).
Rudi von Arnim
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States can be sorted into two groups with statistically significantly different productivity regimes. In this sense, the US economy shows signs of dualism—which is the idea that the economy consists of heterogeneous units that exhibit different behaviors and levels of performance.
This paper analyzes regional contributions to the US payroll share from 1977 to 2017 and the four major business cycles throughout this period.
This paper provides novel insights on the changing functional distribution of income in the post–war US economy.
The U.S. economy is increasingly becoming a dual economy, where high productivity sectors—such as manufacturing—and high pay sectors—such as finance and professional services—co-exist with low pay and low productivity sectors that employ most workers.