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The Dynamics of Exclusion and Fiscal Conservatism

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...

Persistent link: https://www.econbiz.de/10005136638

Earnings, Schooling and Economic Reform: New Econometric Evidence

Campos, Nauro F; Jolliffe, Dean - C.E.P.R. Discussion Papers - 2004

How does the relationship between earnings and schooling change with the introduction of comprehensive economic reform? This Paper uses a unique dataset (covering about 3 million Hungarian wage earners, from 1986 to 1998) and a novel procedure to correct sample selection bias (based on DiNardo,...

Persistent link: https://www.econbiz.de/10005498066

Occupational Choice and the Spirit of Capitalism

Doepke, Matthias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2007

The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a...

Persistent link: https://www.econbiz.de/10005067409

Education, Growth and Income Inequality

Teulings, Coen N; van Rens, Thijs - C.E.P.R. Discussion Papers - 2003

of endogenous technological progress. The rise in education is the major cause of productivity growth over the sample …

Persistent link: https://www.econbiz.de/10005661700

Social Contacts and Occupational Choice

Bentolila, Samuel; Michelacci, Claudio; Suarez, Javier - C.E.P.R. Discussion Papers - 2004

returns to firms’ investment and depressed aggregate productivity. We employ US and European data for the 1990’s to test the … productivity. We find that the use of social contacts helps find jobs one to two months sooner but leads to individual wage … discounts of 5% to 7% and produces negative externalities on aggregate productivity. …

Persistent link: https://www.econbiz.de/10005661724

The Long Run Health and Economic Consequences of Famine on Survivors: Evidence from China's Great Famine

Meng, Xin; Qian, Nancy - C.E.P.R. Discussion Papers - 2006

In the past century, more people have perished from famine than from the two World Wars combined. Many more were exposed to famine and survived. Yet we know almost nothing about the long run impact of famine on these survivors. This paper addresses this question by estimating the effect of...

Persistent link: https://www.econbiz.de/10005661820

The Role of Rents to Human Capital in Economic Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of such rents, the return to human capital is entirely appropriated by the old and accumulation is entirely determined by the income to fixed factors. If rents are introduced by...

Persistent link: https://www.econbiz.de/10005662008

Returns to Human Capital Under the Communist Wage Grid and During the Transition to a Market Economy

Münich, Daniel; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 1999

Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new micro data on men to estimate returns to human capital under the communist wage grid and during the transition to a market economy. We use data from the Czech Republic because it...

Persistent link: https://www.econbiz.de/10005666520

Earnings Inequality and the Business Cycle

Barlevy, Gadi; Tsiddon, Daniel - C.E.P.R. Discussion Papers - 2004

Economists have long viewed recessions as contributing to increasing inequality. This conclusion is largely based on data from a period in which inequality was increasing over time, however. This Paper examines the connection between long-run trends and cyclical variation in earnings inequality....

Persistent link: https://www.econbiz.de/10005666956

After, Before and During: Returns to Education in Hungary (1986-1998)

Campos, Nauro F; Jolliffe, Dean - C.E.P.R. Discussion Papers - 2004

How valuable are the skills acquired under socialism in a market economy? This Paper throws light on this question using unique data covering the years before and during transition (1986-98) for about 3 million Hungarian wage earners. We find that returns to a year of schooling increased by 75%...

Persistent link: https://www.econbiz.de/10005667110