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Fairness and Redistribution : U.S. versus Europe

Alesina, Alberto - 2003

Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...

Persistent link: https://www.econbiz.de/10012469200

Happiness Adaptation to Income beyond "Basic Needs"

Tella, Rafael Di - 2008

We test for whether, once "basic needs" are satisfied, there is happiness adaptation to further gains in income using three data sets. Individual German Panel Data from 1985-2000, and data on the well-being of over 600,000 people in a panel of European countries from 1975-2002, shows different...

Persistent link: https://www.econbiz.de/10012464111

Inequality and Schooling Responses to Globalization Forces : Lessons from History

Williamson, Jeffrey G. - 2006

abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor … scarcity in the New World and to a rise in unskilled labor scarcity in Europe. Thus, it contributed to rising inequality in … overseas countries, like the United States, and falling inequality in most of Europe. Falling unskilled labor scarcity and …

Persistent link: https://www.econbiz.de/10012466110

Cross-Country Inequality Trends

Acemoglu, Daron - 2002

much less, in (continental) Europe over the same time period. I review the two most popular explanations for these … differential trends: that relative supply of skills increased faster in Europe, and that European labor market institutions … where labor market institutions creating wage compression in Europe also encourage more investment in technologies …

Persistent link: https://www.econbiz.de/10012469883

Inequality and Happiness : Are Europeans and Americans Different?

Alesina, Alberto - 2001

happiness,' we find that there is a large, negative and significant effect of inequality on happiness in Europe but not in the … Europe inequality makes the poor unhappy, as well as the leftists. This favors the hypothesis that inequality affects … right). The results help explain the greater popular demand for government to fight inequality in Europe relative to the US …

Persistent link: https://www.econbiz.de/10012470526

The US Economic Model at Y2K : Lodestar for Advanced Capitalism?

Freeman, Richard B. - 2000

The 1990s economic performance of the US suggests that the country may have the right mix of institutions and policies to be the peak capitalist economy in the new information economy. This paper develops criterion for judging peak status and examines whether the US fulfills these criterion. The...

Persistent link: https://www.econbiz.de/10012470993

The Great Transition : Kuznets Facts for Family-Economists

Greenwood, Jeremy; Guner, Nezih; Marto, Ricardo - National Bureau of Economic Research - 2021

The 20th century beheld a dramatic transformation of the family. Some Kuznets style facts regarding structural change in the family are presented. Over the course of the 20th century in the United States fertility declined, educational attainment waxed, housework fell, leisure increased, jobs...

Persistent link: https://www.econbiz.de/10012510535

Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S : Is the Fed Responsible?

Wolff, Edward N. - National Bureau of Economic Research - 2021

Two hallmarks of U.S. monetary policy since the 1981-1982 recession have been declining interest rates and moderation in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0.070 between 1983 and 2019. This paper analyzes the...

Persistent link: https://www.econbiz.de/10012660070

Tasks, Automation, and the Rise in US Wage Inequality

Acemoglu, Daron; Restrepo, Pascual - National Bureau of Economic Research - 2021

We document that between 50% and 70% of changes in the US wage structure over the last four decades are accounted for by the relative wage declines of worker groups specialized in routine tasks in industries experiencing rapid automation. We develop a conceptual framework where tasks across a...

Persistent link: https://www.econbiz.de/10012585404

Sorting with Team Formation

Boerma, Job; Tsyvinski, Aleh; Zimin, Alexander P. - National Bureau of Economic Research - 2021

We fully solve an assignment problem with heterogeneous firms and multiple heterogeneous workers whose skills are imperfect substitutes, that is, when production is submodular. We show that sorting is neither positive nor negative and is characterized sufficiently by two regions. In the first...

Persistent link: https://www.econbiz.de/10012629510

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