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Meyer, Margaret A; Strulovici, Bruno - C.E.P.R. Discussion Papers - 2013

In many economic applications involving comparisons of multivariate distributions, supermodularity of an objective function is a natural property for capturing a preference for greater interdependence. One multivariate distribution dominates another according to the `supermodular stochastic...

Persistent link: https://www.econbiz.de/10011083601

Commodity and Equity Markets: Some Stylized Facts from a Copula Approach

Delatte, Anne-Laure; Lopez, Claude - C.E.P.R. Discussion Papers - 2013

In this paper, we propose to identify the dependence structure existing between the returns of equity and commodity futures and its evolution through the past 20 years. The key point is that we do not do not impose the dependence structure but let the data select it. To do so, we model the...

Persistent link: https://www.econbiz.de/10011084009

Belief in a Just World and Redistributive Politics

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2005

International surveys reveal wide differences between the views held in different countries concerning the causes of wealth or poverty and the extent to which people are responsible for their own fate. At the same time, social ethnographies and experiments by psychologists demonstrate...

Persistent link: https://www.econbiz.de/10005504312

Flexible Wages Systems and the Structure of Wages: Evidence from Matched Employer-Employee Data

Bauer, Thomas; Bender, Stefan - C.E.P.R. Discussion Papers - 2001

lead to higher inequality across firms, increased segregation of labour markets and decreased within-firm inequality. This … workplace systems. Our results suggest that HPWOs increase both across and within firm inequality. We do not find evidence …

Persistent link: https://www.econbiz.de/10005504382

Should Egalitarians Expropriate Philanthropists?

Dasgupta, Indraneel; Kanbur, Ravi - C.E.P.R. Discussion Papers - 2007

absolute inequality in welfare achievement, while leaving the change in relative inequality ambiguous. Additionally …

Persistent link: https://www.econbiz.de/10005504401

Waiting for Mr Right: Rising Inequality and Declining Marriage Rates

Gould, Eric D; Paserman, M. Daniele - C.E.P.R. Discussion Papers - 2002

inequality, and analyses several explanations for this result. A causal link is established by showing that the results are … robust to the inclusion of city fixed-effects and city-specific time trends, and by using inequality in the woman’s state of … birth as a proxy for the local level of male inequality. Increasing male inequality explains about 30% of the marriage rate …

Persistent link: https://www.econbiz.de/10005504574

Property Crime with Private Protection: A Market-for-Offenses Approach

Hotte, Louis; Valognes, Fabrice; van Ypersele, Tanguy - C.E.P.R. Discussion Papers - 2003

We propose a market-for-offenses model of property crime, which explicitly accounts for protection expenditures among heterogeneous individuals. The crime equilibrium is modeled as a free-access equilibrium in which the match between criminals and victims equates the average returns to crime. We...

Persistent link: https://www.econbiz.de/10005504660

The Effects of Technical Change on Labour Market Inequalities

Hornstein, Andreas; Krusell, Per; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2005

In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …

Persistent link: https://www.econbiz.de/10005504683

Land and Power

Baland, Jean-Marie; Robinson, James A - C.E.P.R. Discussion Papers - 2003

We study the implications of electoral corruption for resource allocation, factor market equilibrium and inequality. We …

Persistent link: https://www.econbiz.de/10005504774

Institutional Traps and Economic Growth

Gradstein, Mark - C.E.P.R. Discussion Papers - 2007

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