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theoretical model in which it is positively related to income inequality, more so under weak institutions, and is negatively … informal sector, income inequality, and institutional quality. The results are shown to be robust with respect to a variety of …
Persistent link: https://www.econbiz.de/10005123893
This Paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a …
Persistent link: https://www.econbiz.de/10005124033
This paper's point of departure is that low-quality institutions, concentration of political power, and underdevelopment are persistent over time. Its analytical model views an equal distribution of political power as a commitment device to enhance institutional quality thereby promoting growth....
Persistent link: https://www.econbiz.de/10005497846
This Paper considers the emergence of institutions as a political outcome, arguing that the support for protection of private property rights is stronger the higher is the economy's aggregate income and the more equal its distribution. When these conditions initially hold, the politically...
Persistent link: https://www.econbiz.de/10005792258
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
The opportunity costs of rearing British children, in terms of cash earnings forgone by their mother, are estimated for a typical family. Data from the 1980 Women and Employment Survey provide estimates for hourly pay as a function of work experience and current hours of work. In addition, these...
Persistent link: https://www.econbiz.de/10005792397
Models to explain the chances of economic activity, employment and full-time work in a national cross-section of British women in 1980 in terms of a number of demographic and economic variables are estimated by OLS. Marital status differentials are minor once the presence of dependent children...
Persistent link: https://www.econbiz.de/10005661763