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The economics profession has made considerable progress in understanding the increase in wage inequality in the U ….S. and the UK over the past several decades, but currently lacks a consensus on why inequality did not increase, or increased … much less, in (continental) Europe over the same time period. I review the two most popular explanations for these …
Persistent link: https://www.econbiz.de/10012469883
the 1790s and later under Napoleon invaded and controlled large parts of Europe. Together with invasion came various …
Persistent link: https://www.econbiz.de/10012463816
We construct a simple model where political elites may block technological and institutional development, because of a 'political replacement effect'. Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites...
Persistent link: https://www.econbiz.de/10012469884