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decade. Galor identified three forms of long run percapita income convergence: absolute convergence, whereby convergence …
Persistent link: https://www.econbiz.de/10005870759
As part of an endeavour to explain the divergence in incomes per capita between North and South America new institutional economics (NIE) and economic history have attempted in recent years to realize the potential effort for illumination derivable from comparisons of the heritage of their...
Persistent link: https://www.econbiz.de/10005870783
It is worth distinguishing social exclusion from social isolation, definingsocial isolation as the phenomenon of non-participation (of anindividual or group) in a society’s mainstream institutions, whilereserving ‘social exclusion’ for the subset of cases in which socialisolation occurs...
Persistent link: https://www.econbiz.de/10008756560
Earnings inequality has increased substantially since the 1970s. Using evidence changes from con…dential Census data on U.S. law offices on lawyers'organization and earnings, we study the extent to which the mechanism suggested by Lucas (1978) and Rosen (1982), a scale of operations effect...
Persistent link: https://www.econbiz.de/10008860707
This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets and incomes.[...]
Persistent link: https://www.econbiz.de/10009305094
labor income taxation. Additional literature is motivated bythe possibility that distributive concerns should amend the …
Persistent link: https://www.econbiz.de/10009305124
theory is that a household’s standard of livingis a function of income and needs. The extra costs of disability can be … derivedby comparing the standard of living of households with and without disabledmembers at a given income, having controlled … results, we compare and contrastthree different income distributions which differ in their adjustment for the extracosts of …
Persistent link: https://www.econbiz.de/10009354064
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