Showing 1 - 10 of 165
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … emphasis on cross-country comparisons. Most, but not all, countries experienced substantial increases in wages and earnings … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the …
Persistent link: https://www.econbiz.de/10008509469
income transfers. We concentrate on the case of Hungary. We first survey recent developments in the economic circumstances of …This study examines the scope for redistributive government policies based on progressive income taxation and direct … the personal income tax system. Finally, we consider the redistributive potential for various types of income transfer …
Persistent link: https://www.econbiz.de/10005792118
), our estimates may be considered as measures of the long lasting income losses that could be avoided in peaceful times by …
Persistent link: https://www.econbiz.de/10005124013
The effects of Regional Trade Agreements (RTAs) are disputed. In this paper, we assess these effects using capital market data and an event-study approach, using a daily data set covering a thousand announcements spanning over eighty economies and a hundred RTAs over twenty recent years. We...
Persistent link: https://www.econbiz.de/10009293663
inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …-of-tax rate of return on wealth and g is the economy's growth rate. This suggests that current trends toward rising wealth-income …
Persistent link: https://www.econbiz.de/10011083954
Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest … rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly … relatively high income elasticity, and detect parameter instability. We estimate a short-run M2 demand function that passes a …
Persistent link: https://www.econbiz.de/10011084447
investigation into the relationship between a good's factor intensity in production and its income elasticity of demand in … and income elasticity of demand for several types of preferences, with and without accounting for trade costs and … show an important role for per-capita income in understanding trade/GDP ratios, the choice of trading partners, and the …
Persistent link: https://www.econbiz.de/10011084527
The Doha multilateral round of trade negotiations sponsored by the WTO has been dragging on for over a decade, with no end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on the span between the start of trade talks and their...
Persistent link: https://www.econbiz.de/10011083302
How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970 … able to extend our analysis as far back as 1700. We find in every country a gradual rise of wealth-income ratios in recent … growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth-income …
Persistent link: https://www.econbiz.de/10011083398
Acemoglu, Johnson, Robinson and Yared (2008) document that the cross-country correlation between income per capita and … democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical …
Persistent link: https://www.econbiz.de/10011083424