Similar Search Results

Culture, Institutions and the Wealth of Nations

Gorodnichenko, Yuriy; Roland, Gerald - Institute for the Study of Labor (IZA) - 2010

-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

Persistent link: https://www.econbiz.de/10008680898

20 Years of German Unification: Evidence on Income Convergence and Heterogeneity

Brück, Tilman; Peters, Heiko - Institute for the Study of Labor (IZA) - 2009

We analyse the convergence and heterogeneity of living standards between East and West Germany since unification. Based on data from the German Socio-Economic Panel (GSOEP), we compare total individual income of permanent adult residents, including retirees and the unemployed, of East and West...

Persistent link: https://www.econbiz.de/10008565211

Equilibrium Wage Arrears: A Theoretical and Empirical Analysis of Institutional Lock-In

Earle, John S.; Sabirianova, Klara Z. - Institute for the Study of Labor (IZA) - 2000

We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...

Persistent link: https://www.econbiz.de/10005822557

A Vibrant European Labor Market with Full Employment

Ritzen, Jo; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2013

employment is regained by more policy attention toward innovation and its underlying research and development (R&D), accompanied …

Persistent link: https://www.econbiz.de/10010884389

The State of University Policy for Progress in Europe

Hoareau, Cécile; Ritzen, Jo; Marconi, Gabriele - Institute for the Study of Labor (IZA) - 2012

Higher education contributes to economic innovation. This study measures and compares the extent to which national … higher education performance in education, research and economic innovation, using non-arbitrary weights and eighteen policy …

Persistent link: https://www.econbiz.de/10010884401

Revisiting the German Wage Structure

Dustmann, Christian; Ludsteck, Johannes; Schönberg, Uta - Institute for the Study of Labor (IZA) - 2007

This paper challenges the view that the wage structure in West-Germany has remained stable throughout the 80s and 90s. Based on a 2 % sample of social security records, we show that wage inequality has increased in the 1980s, but only at the top of the distribution. In the early 1990s, wage...

Persistent link: https://www.econbiz.de/10005233908

Management Compensation and Firm-Level Income Inequality

Frederiksen, Anders; Poulsen, Odile - Institute for the Study of Labor (IZA) - 2008

In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...

Persistent link: https://www.econbiz.de/10005762227

When Supply Meets Demand: Wage Inequality in Portugal

Centeno, Mario; Novo, Alvaro A. - Institute for the Study of Labor (IZA) - 2009

Wage inequality in Portugal increased over the last quarter of century. The period from 1982 to 1995 witnessed strong increases in both upper- and lower-tail inequality. A shortage of skills combined with skill-biased technological changes are at the core of this evolution. Since 1995,...

Persistent link: https://www.econbiz.de/10008558937

Do Middle Classes Bring Institutional Reforms?

Loayza, Norman; Rigolini, Jamele; Llorente, Gonzalo - Institute for the Study of Labor (IZA) - 2012

We revisit the link between poverty, the middle class and institutional outcomes using a newly developed cross-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle class increases (measured as the proportion of people...

Persistent link: https://www.econbiz.de/10011279274

Why Populist Democracy Promotes Market Liberalization

Grosjean, Pauline; Senik, Claudia - Institute for the Study of Labor (IZA) - 2008

Using a new set of micro evidence from an original survey of 28 transition countries, we show that democracy increases citizens’ support for the market by guaranteeing income redistribution to inequality-averse agents. Our identification strategy relies on the restriction of the sample to...

Persistent link: https://www.econbiz.de/10005822609