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Income Inequality, Mobility and the Accumulation of Capital
Garcia-Peñalosa, Cecilia; Turnovsky, Stephen - CESifo - 2013
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …
Persistent link: https://www.econbiz.de/10010732346
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Wage and Employment Determination in Volatile Times: Sweden 1913-1939
Holmlund, Bertil - CESifo - 2012
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s. This period includes the boom and bust cycle of the early 1920s as well as the Great Depression of the early 1930s. The events of the early 1920s are particularly intriguing,...
Persistent link: https://www.econbiz.de/10010545689
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Well-being Inequality and Reference Groups - An Agenda for New Research
Praag, Bernard M.S. Van - CESifo - 2010
It is argued that the concept of well –being inequality cannot be properly defined without taking the referencing … happiness inequality in happiness studies.We plead for an extension of the present happiness paradigm by setting up a new …
Persistent link: https://www.econbiz.de/10008533999
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Analysis of Labor Tax Progression under Heterogeneous Domestic Labor Markets and Flexible Outsourcing
Koskela, Erkki - CESifo - 2010
What are the impacts of labor tax reform on wage setting and employment to keep the relative tax burden per low-skilled and high-skilled workers constant in the case of heterogeneous domestic labor markets, i.e. imperfect competition in low-skilled labor and perfect competition in high-skilled...
Persistent link: https://www.econbiz.de/10008727293
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Outsourcing and Labor Taxation in Dual Labor Markets
Koskela, Erkki; Poutvaara, Panu - CESifo - 2008
We evaluate the effects of international outsourcing and labor taxation on wage formation and equilibrium unemployment in dual labor markets. Outsourcing promotes wage dispersion between the high-skilled and low-skilled workers. Higher domestic low-skilled wage tax, higher payroll tax and lower...
Persistent link: https://www.econbiz.de/10005765774
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Flexible Outsourcing and the Impacts of Labour Taxation in European Welfare States
Koskela, Erkki; Poutvaara, Panu - CESifo - 2008
In European Welfare States, low-skilled workers are typically unionized, while the wage formation of high-skilled workers is more competitive. To focus on this aspect, we analyze how flexible international outsourcing and labour taxation affect wage formation, employment and welfare in dual...
Persistent link: https://www.econbiz.de/10005766144
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Equilibrium Unemployment with Outsourcing and Wage Solidarity under Labour Market Imperfections
Koskela, Erkki; Stenbacka, Rune - CESifo - 2007
We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a heterogeneous labour market, where wages are determined by a monopoly labour union. We find that outsourcing promotes the wage dispersion between the high-skilled and low-skilled...
Persistent link: https://www.econbiz.de/10005405909
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Impacts of Labor Taxation with Perfectly and Imperfectly Competitive Domestic Labor Markets under Flexible Outsourcing
Koskela, Erkki - CESifo - 2009
What are the impacts of labor tax reform on wage setting and employment to keep the relative tax burden per low-skilled and high-skilled workers constant in the case of heterogenous domestic labor markets, i.e. imperfect competition in low-skilled labor and perfect competition in high-skilled...
Persistent link: https://www.econbiz.de/10008583649
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Monthly GDP Estimates for Inter-War Britain
Mitchell, James; Solomou, Solomos; Weale, Martin - CESifo - 2011
We derive monthly and quarterly series of UK GDP for the inter-war period from a set of monthly indicators that were constructed by The Economist at the time. The monthly information is complemented with data for quarterly industrial production, allowing us to employ mixed-frequency methods to...
Persistent link: https://www.econbiz.de/10009324088
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The Empire is Dead, Long Live the Empire! Long-Run Persistence of Trust and Corruption in the Bureaucracy
Becker, Sascha O.; Boeckh, Katrin; Hainz, Christa; … - CESifo - 2011
Do empires affect attitudes towards the state long after their demise? We hypothesize that the Habsburg Empire with its localized and well-respected administration increased citizens’ trust in local public services. In several Eastern European countries, communities on both sides of the...
Persistent link: https://www.econbiz.de/10008872213