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Credit rationing, wealth inequality and allocation of talent

Ghatak, Maitreesh; Morelli, Massimo; Sjostrom, Tomas - London School of Economics (LSE) - 2002

We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse selection forces creditors to ask for collateral. We study the two-way interaction between rationing in the credit market and the wages offered in the labour market. Both pooling and...

Persistent link: https://www.econbiz.de/10010746194

Roads to equality: wealth distribution dynamics with public-private capital complementarity

Ferreira, Francisco H. G. - London School of Economics (LSE) - 1995

This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production function where public capital is complementary to private capital. A unique invariant steady-state distribution is derived, with three social classes: subsistence workers, 'government...

Persistent link: https://www.econbiz.de/10010746233

Inherited vs self-made wealth: theory & evidence from a rentier society (Paris 1872-1937)

Postel-Vinay, Gilles; Piketty, Thomas; Rosenthal, … - London School of Economics (LSE) - 2011

This paper divides the population into two groups: the "inheritors" or "rentiers" (whose wealth is smaller than the capitalized value of their inherited wealth, i.e. who consumed more than their labor income during their lifetime); and the "savers" or "self-made men" (whose wealth is larger than...

Persistent link: https://www.econbiz.de/10010746502

Imperfect capital markets and persistence of initial wealth inequalities

Piketty, Thomas - London School of Economics (LSE) - 1992

projects (i.e. use less capital); although there is no poverty trap, the initial distribution may have long-run effects: there …

Persistent link: https://www.econbiz.de/10010746576

Fiscal policy instruments and the political economy of designing programs to reach the poorest

Ahmad, Ehtisham - London School of Economics (LSE) - 2009

No Abstract

Persistent link: https://www.econbiz.de/10011125913

Schools in disadvantaged areas: recognising context and raising quality

Lupton, Ruth - London School of Economics (LSE) - 2004

Both educational attainment and school quality are typically lower in disadvantaged areas than others and much recent policy attention has been focused on each. This paper looks at the quality problem, exploring the relationships between disadvantaged contexts, what schools do, and the quality...

Persistent link: https://www.econbiz.de/10011125921

Social exclusion and children: a European view for a US debate

Micklewright, John - London School of Economics (LSE) - 2002

poverty, analysis of children's living standards, state versus federal responsibilities, welfare reform and the emphasis on …

Persistent link: https://www.econbiz.de/10011125982

Changes in the living arrangements of elderly people in Greece: 1974-1999

Karagiannaki, Eleni - London School of Economics (LSE) - 2005

During the period 1974-1999 the percentage of elderly living with their children in Greece reduced from 55 per cent to about 32 per cent. In this paper we examine determinants of the decrease in intergenerational co-residence among Greek elderly people and their adult children and its...

Persistent link: https://www.econbiz.de/10011125994

Identifying vulnerable groups in the Kyrgyz labour market: some implications for the national poverty reduction strategy

Bernabe, Sabine; Kolev, Alexandre - London School of Economics (LSE) - 2003

This paper investigates the overlap between employment status and poverty, drawing particular attention to the working … is undertaken using the Kyrgyz Poverty Monitoring Survey, which is the only survey to date that allows a comprehensive … analysis of poverty and labor market outcomes in the Kyrgyz Republic. The period under investigation covers the years 1997 …

Persistent link: https://www.econbiz.de/10011125996

The relationship between EU indicators of persistent and current poverty

Jenkins, Stephen P.; van Kerm, Philippe - London School of Economics (LSE) - 2014

The current poverty rate and the persistent poverty rate are both included in the European Union's (EU's) portfolio of … EU countries drawing on empirical analysis of EU-SILC and ECHP data. Using a prototypical model of poverty dynamics, we … explain how the near-linear relationship arises and show how the model can be used to predict persistent poverty rates from …

Persistent link: https://www.econbiz.de/10011126082