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Social Security programmes around the world link public pensions to retirement: people do not lose their pensions if they make a million dollars a year in the stock market, but they do confront marginal tax rates of up to 100% if they choose to work. After arguing that most existing theories...
Persistent link: https://www.econbiz.de/10005788967
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...
Persistent link: https://www.econbiz.de/10008577814
This research argues that the differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and population across the globe. In developed countries the gains from trade have been directed towards investment...
Persistent link: https://www.econbiz.de/10005114289
The MRC National Survey of Health and Development provides data on the hourly pay of males and females at age 26 in 1972 and in 1977. These have been subjected to regression analysis to see how far the gap between men's and women's pay is statistically explicable by (a) a "human capital" model...
Persistent link: https://www.econbiz.de/10005504211
Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new …
Persistent link: https://www.econbiz.de/10005666520
analysis indicates how the changes can segment the labour market into an expanding sector of restructured firms where wages are … rising, a contracting sector of traditional firms where wages are relatively stagnant, and an expanding pool of the …; the widening dispersion of wages within occupational, educational, and job tenure groups in the United Kingdom and the …
Persistent link: https://www.econbiz.de/10005789077
discrimination. Using data collected in the 1980 Women and Employment Survey, we find that women's wages would be between 20 and 25 …
Persistent link: https://www.econbiz.de/10005656294