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We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model in which agents differ in their initial capital endowment. The endogeneity of the labor supply plays a crucial role in determining inequality, as tax changes that affect hours...
Persistent link: https://www.econbiz.de/10008794135
This paper uses household survey (Sakernas) data from 2004 to estimate the determinants of earnings in Indonesia, a …
Persistent link: https://www.econbiz.de/10010738741
developed countries for its impact on employment, wages and the welfare state, is not an issue at stake in Thailand for the … leads us to define what we mean exactly by “knowledge” (part 1). We will then turn to the consequences on employment and …
Persistent link: https://www.econbiz.de/10008792410
inference with poverty indices is satisfactory. We find that the major cause is the extreme sensitivity of many inequality …
Persistent link: https://www.econbiz.de/10010750903
The starting point of this paper is given by country situations where trade liberalization is expected to be poverty … and inequality alleviating in the long run while inducing a short run increase in poverty or in inequality. The question … trade policies within a global policy framework so as to enhance growth and reduce poverty and inequality. The method …
Persistent link: https://www.econbiz.de/10008805102
Using tariffs as a measure of openness, this paper finds consistent evidence that the conditional effects of trade liberalization on inequality are correlated with relative factor endowments. Trade liberalization, measured by changes in tariff revenues, is associated with increases in inequality...
Persistent link: https://www.econbiz.de/10008805113
Integration to world markets is expected to help developing countries to access prosperity. At the same time, increasing opportunities to trade are likely to affect income distribution and whether or not increasing openness to trade is accompanied by a reduction or an increase inequality is...
Persistent link: https://www.econbiz.de/10008805959
We derive a mesoscopic description of the behavior of a simple financial market where the agents can create their own portfolio between two investments alternatives: a stock and a bond. The model is derived starting from the Levy-Levy-Solomon microscopic model using the methods of kinetic theory...
Persistent link: https://www.econbiz.de/10008794299
This paper proposes a unified framework for the analysis of inequalities. In contrast to the former literature on inequalities, housing is included as a major determinant of individual saving behavior. Disparities across locations affect individual outcomes in both labor and education markets....
Persistent link: https://www.econbiz.de/10010899866
Drawing together the concepts of inefficiency and banking crisis is directly inspired by business cycles theory where a crisis is the turning point from which the market/economy is recovering. If inefficiency plays a role in the occurrence of banking crisis, the post-crisis period should be the...
Persistent link: https://www.econbiz.de/10010750383