Codrina Rada is an Associate Professor in the Department of Economics at the University of Utah. She received her Ph.D. in Economics from the New School for Social Research in 2007. Her current research gravitates around issues of economic growth and income distribution, with a specific interest in the effects of structural change and global economic integration on macroeconomic dynamics. Two of her recent publications show that the OECD countries have been in a race to the bottom in terms of the labor share in an attempt to maintain competitiveness on international markets. Institutions, globalization and the policy stance are main contributors to the long run decline in the labor share and subsequently to the rise in inequality. Interestingly, results suggest that efforts to suppress the labor share may have adverse effects on economic activity. Over the years she has also published theoretical and empirical work that explores the economics of pensions and aging, and structural transformation in emerging economies. Her work has appeared in academic outlets such as Cambridge Journal of Economics, Columbia University Press, Journal of Policy Modeling, Journal of Population Ageing, Metroeconomica, Structural Change and Economic Dynamics, and Development and Change. Codrina has also acted as a consultant for several UN agencies and the Carnegie Corporation of NY.
By this expert
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.