Showing 1 - 10 of 45
improvements in almost all labour market indicators and consequent reductions in poverty rates. Across countries, economic growth … reductions in poverty were strongly related to improvements in earnings and employment indicators. Although the 2008 crisis …
Persistent link: https://www.econbiz.de/10011646665
improvements in almost all labour market indicators and consequent reductions in poverty rates. Across countries, economic growth … reductions in poverty were strongly related to improvements in earnings and employment indicators. Although the 2008 crisis …
Persistent link: https://www.econbiz.de/10011440688
We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population growth, which is consistent with the available...
Persistent link: https://www.econbiz.de/10011555352
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children such that inequality is driven by … partially crowds out bequests and thereby reduces income inequality and inheritance flows in the short run. The better educated …
Persistent link: https://www.econbiz.de/10011555353
We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of … population share of graduates, increasing income and wealth inequality, a declining labor share, and (in an extension of the … basic model) increasing unemployment. In contrast to Piketty's famous claim that faster economic growth reduces inequality …
Persistent link: https://www.econbiz.de/10011620796
signs of a deceleration in the pace of inequality reduction in Latin America. This paper argues that the deceleration is the … result of two set of reasons. First, several of the driving factors of the fall in inequality in the 2000s have lost strength … early 2010s, making further reductions in inequality more difficult. …
Persistent link: https://www.econbiz.de/10011646663
beginning of the 20th century. Until the 1970s, the country experienced a fall in inequality in spite of lower income growth …. Since then, inequality has generally increased possibly as a result of large-scale shocks such as macroeconomic crises and …
Persistent link: https://www.econbiz.de/10011994333
skill premium and increasing inequality. We develop a measure for reshoring activity at the macro-level and, using data from …
Persistent link: https://www.econbiz.de/10012099164
This paper proposes a stylised model to derive the effect of a sizeable middle class on average educational outcomes. Under reasonable assumptions, the model predicts that the spending share on education increases if the middle class becomes larger such that the size of the middle class has a...
Persistent link: https://www.econbiz.de/10011857126
skill premium and increasing inequality. Using a new measure of reshoring activity and data from the world input outputtable …
Persistent link: https://www.econbiz.de/10011869301