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. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special …
Persistent link: https://www.econbiz.de/10005136501
steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth …
Persistent link: https://www.econbiz.de/10005662008
to education, and changes in industry premiums and informality alone cannot fully explain the increase in wage inequality …
Persistent link: https://www.econbiz.de/10005666889
If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and depends positively on intellectual property, a social planner which cares about income distribution may in principle want to use a reduction in Intellectual Property Rights...
Persistent link: https://www.econbiz.de/10005791837
In order to offer a balanced assessment of the role of minimum wages in the Welfare State, seven basic questions need to be answered: (i) Why is the minimum wage a useful redistributive tool?; (ii) How binding are minimum wage floors in different countries?; (iii) To what extent do minimum wages...
Persistent link: https://www.econbiz.de/10005792459
neighborhoods, schools and households (spouses), can have important consequences for the acquisition of human capital and inequality …
Persistent link: https://www.econbiz.de/10005123607
This paper uses establishment level data from the British Workplace Industrial Relations Survey (WIRS) to examine the effects of new technology on pay. The wage differential associated with new technology is about 5-7% and is (i) robust to corrections for skill, workplace disamenities, and...
Persistent link: https://www.econbiz.de/10005067373
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
over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …
Persistent link: https://www.econbiz.de/10005114147
, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10011083769