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Persistent link: https://www.econbiz.de/10014462678
Countries differ widely with respect to the level of labour income inequality among individuals of working age. Labour … income inequality is shaped by differences in wage rates, hours worked and inactivity rates. Individual labour income … inequality is the main driver of household market income inequality, with family formation as well as self-employment and capital …
Persistent link: https://www.econbiz.de/10009393776
This paper studies the effects of the apprenticeship system on innovation and labor market polarization. A stylized model with two key features is developed: (1) apprentices are more productive due to industry-specific training, but (2) from the firm's perspective, when training apprentices,...
Persistent link: https://www.econbiz.de/10010358709
cannot mimic the US within-group wage inequality. This paper provides an explanation for the observed intra-college group … inequality by showing that the top decile earners’ significant wage growth is underpinned by the link between ex ante ability …-group and general wage inequality is explained by math-biased technical change (MBTC). …
Persistent link: https://www.econbiz.de/10010360293
Spain is a highly decentralised country, making the effective implementation of national reforms dependent on regional policies. Some regional disparities are high and need to be reduced. High regional dispersion in education and job outcomes, compounded by low inter-regional mobility, emerge as...
Persistent link: https://www.econbiz.de/10012111044
We evaluate the aggregate, distributional and welfare consequences of alternative government education policies to encourage college completion, such as making college free and improving funding for public schooling. To do so, we construct a general equilibrium overlapping generations model with...
Persistent link: https://www.econbiz.de/10014544745
While rising house prices benefit existing homeowners, we document a new channel through which price shocks have intergenerational wealth effects. Using panel data from school zones within a large U.S. school district, we find that higher local house prices lead to improvements in local school...
Persistent link: https://www.econbiz.de/10014322733
This paper investigates the importance of family borrowing constraints in determining human capital investments in children at early and late ages. We begin by providing new evidence from the Children of the NLSY (CNLSY) which suggests that borrowing constraints bind for at least some families...
Persistent link: https://www.econbiz.de/10010584458
Motivated by large educational differences in geographic mobility, this paper considers a simple dynamic extension of Roy׳s (1951) model and analyzes it using new evidence on net versus excess mobility and the individual-level relationship between mobility and wages. According to the model, the...
Persistent link: https://www.econbiz.de/10011048564
In this paper we look at lifetime inequality to address two main questions: How well does a modern tax system, based on … annual information, target lifetime inequality? What aspects of the tranfser system are most progressive from a lifetime … perspective? To answer to these questions it is crucial to relate lifetime and annual inequality and determine the main building …
Persistent link: https://www.econbiz.de/10010237142