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return to a patrimonial society, corporations become political actors; occupational status and education's relevance are …
Persistent link: https://www.econbiz.de/10010899458
between skilled labor and unskilled labor wages. The question we ask is how the growth process shapes the wage inequality and … inequality. First, we prove the existence of equilibrium paths. Then we show that there exists a continuum of steady … of income inequality between skilled and unskilled workers and income in-equality among the skilled workers. The former …
Persistent link: https://www.econbiz.de/10010899820
culture dans la sélection et l'évolution des institutions efficaces illustre l'ambigüité de la relation entre race et culture. …
Persistent link: https://www.econbiz.de/10010899921
considering their stock market participation and home tenure choices. There is already a huge body of literature on housing status …
Persistent link: https://www.econbiz.de/10009353873
moves, changes in at sizes, rent levels, and density of housing service supply. NEDUM allows, therefore, for a temporal and …
Persistent link: https://www.econbiz.de/10008793748
, transportation costs and urban structure. It is found that changes in households consumption and housing choices reduce significantly … more concentrated housing that limits households utility losses and maintains landowners' income. But, because of buildings … inertia, the shock leads first to a long transition, during which the adjustment is constrained by a suboptimal housing …
Persistent link: https://www.econbiz.de/10008793816
zones or can commute between them. This model is used to explore the dynamics of housing and work decisions after a … of developers and government transport agencies for the equilibrium on the housing and the labour markets. The model is … used to identify better Cost-Benefit rules for transport invest-ments and the role of coordination between housing and …
Persistent link: https://www.econbiz.de/10010899603
understanding of the complex relationships between labor, housing and education markets. Finally, several experiments aimed at … inequalities, housing is included as a major determinant of individual saving behavior. Disparities across locations affect … individual outcomes in both labor and education markets. In a Bewley-Huggett-Aiyagari type model where several frictions are …
Persistent link: https://www.econbiz.de/10010899866
We show that it is possible to reconcile the utilitarian and welfarist principles under the requirement of unanimity provided that the set of profiles over which the consensus is attained is rich enough. More precisely, we identify a closedness condition which, if satisfied by a class of...
Persistent link: https://www.econbiz.de/10009325716
social fragmentation is often associated with greater inequality, which, as Olson pointed out, may be beneficial to … fragmentation and ethnically based patronage. Given that both patronage and inequality are common in developing countries, it is …
Persistent link: https://www.econbiz.de/10010738478