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In a rare example of an explicit national goal for income distribution besides reducing poverty, China's leadership has recently committed to expanding the middle-income share--moving to a less polarized "olive-shaped" distribution. Recognizing the potential trade-offs, the paper asks whether...
Persistent link: https://www.econbiz.de/10012660061
Education and income are strong predictors of health and longevity. In the last 20 years many efforts have been made to understand if these relationships are causal and what the possible role of policy should be as a result. The evidence from various studies is ambiguous: the effects of...
Persistent link: https://www.econbiz.de/10012814469
Disappointing recent growth rates, the emergence of structurally unfavorable income and employment conditions, and important institutional changes in the international trading environment have caused policy officials in the advanced industrial nations to reconsider the proper mix of reactive...
Persistent link: https://www.econbiz.de/10012477773
Along with house rents, wages have frequently been described as the "stickiest" prices in the economy, rarely adjusted more than once a year. Because of this stickiness (which arises from the transactions costs involved in changing wages), a distinction exists between the adjustment of wages and...
Persistent link: https://www.econbiz.de/10012478335
We characterize the macroeconomic performance of a set of industrialized economies in the aftermath of the oil price shocks of the 1970s and of the last decade, focusing on the differences across episodes. We examine four different hypotheses for the mild effects on inflation and economic...
Persistent link: https://www.econbiz.de/10012465282
, Argentina, Brazil, and Israel used extensive wage-price controls as part of more comprehensive disinflation programs, .often …
Persistent link: https://www.econbiz.de/10012476114
Persistent link: https://www.econbiz.de/10000664750
In the United States, more than two-thirds of decedents with multichild families divide their estates exactly equally among their children. In contrast, intra vivos gifts are usually unequal. These findings challenge the validity of existing theories regarding the determination of...
Persistent link: https://www.econbiz.de/10012470959
Each year parents transfer a great deal of money to their adult children. While intuition might suggest that these transfers are altruistic and made out of concern for the well-being of the children, the fundamental prediction of the altruistic model has been decisively rejected in empirical...
Persistent link: https://www.econbiz.de/10012471176
intergenerational altruism. Thus, immigrants may be self-selected on fertility. Soviet Jews who migrate to Israel despite high migration …. Selection on altruism can explain why historically immigrant-absorbing countries like the U.S. have higher fertility than other …. Selection on altruism also implies that immigrant-absorbing regions will grow faster, or have higher per capita income, or both …
Persistent link: https://www.econbiz.de/10012471230