Showing 1 - 10 of 14
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China’s aging population …
Persistent link: https://www.econbiz.de/10011240403
inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries …
Persistent link: https://www.econbiz.de/10010817276
This paper describes individuals' inequality perceptions, distributional norms, and redistributive preferences in a … inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and …
Persistent link: https://www.econbiz.de/10010817293
wage structure. The substantial rise in wage inequality in the U.S. since the late 1970s has been accompanied by a major …, contributing to the rise in overall wage inequality in the economy. Simple extensions of the basic framework allow us to study the …
Persistent link: https://www.econbiz.de/10008556910
This paper analyzes the impact of inequality on growth when technical progress is driven by innovations and consumers … have hierarchic preferences. Inequality has an impact on growth because it affects the structure and the dynamics of demand …
Persistent link: https://www.econbiz.de/10005627889
We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …
Persistent link: https://www.econbiz.de/10005627897
the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to … shed light on the growth and inequality trends. …
Persistent link: https://www.econbiz.de/10005627929
We analyze a macroeconomic model of monopolistic competition in which consumers earn unequal incomes. When preferences are non-homothetic, the distribution of income affects equilibrium mark-ups and equilibrium product diversity.
Persistent link: https://www.econbiz.de/10005627934
This paper analyzes the impact of the Austrian Regional Extended Benefit Program (REBP) on the labor market outcomes for elderly workers in Austria. The REBP extended entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 weeks for elderly individuals in certain regions....
Persistent link: https://www.econbiz.de/10005627979
Recent macroeconomic research discusses credit market imperfections as a key channel through which inequality retards … are considered to become stronger as inequality rises. This paper, though, argues that higher inequality may actually … work on the inequality-growth nexus should use more specific measures of inequality rather than measures of “overall …
Persistent link: https://www.econbiz.de/10005628001