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Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average...
Persistent link: https://www.econbiz.de/10010884303
In a number of high-income countries over the past few decades there has been a large growth in income inequality and … an appropriate response to rising inequality is a shift towards a more progressive multi-bracket income tax system, with …
Persistent link: https://www.econbiz.de/10010884365
rent in the tax base might affect inequality in each of the countries considered. Housing taxation appears to be a … promising avenue for raising additional revenues, or lightening taxation of labour, with no inequality-increasing side-effects. …
Persistent link: https://www.econbiz.de/10011279327
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10005703214
Starting from the axiomatisation of polarisation contained in Esteban and Ray (1994) and Chakravarty and Majumdar (2001) we investigate wheather paople's perceptions of income polarisation is consistent with the key axioms. This is carried out using a questionnaire-experimental approach that...
Persistent link: https://www.econbiz.de/10005822085
public good is pure, any given, positive level of income inequality can be shown to be socially excessive by suitably … redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo. …
Persistent link: https://www.econbiz.de/10005822299
In view of rising wage and income inequality, the introduction of a legal minimum wage has recently become an important … reducing income inequality, even if it led to a substantial increase in hourly wages at the bottom of the wage distribution …
Persistent link: https://www.econbiz.de/10008506065
inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years …
Persistent link: https://www.econbiz.de/10008506067
in income inequality. Our results indicate rising levels of inequality during war and especially in the early period of … post-war reconstruction. However, we find that this rise in income inequality is not permanent. While inequality peaks …-war reconstruction seem to be valid explanations for these patterns of inequality. A series of alternative specifications confirms the …
Persistent link: https://www.econbiz.de/10008530642
modest increase in overall inequality of market incomes as measured by the Gini coefficient. However, we also document a … income inequality was stronger in East Germany than in West Germany. In both regions, the income concentration process …
Persistent link: https://www.econbiz.de/10005703074