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excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … configurations of technology, inequality and redistributive policy are feasible in the long run, when all three are endogenous. I … show in particular how the diffusion of technology leads to the exporting' of inequality across borders; and how this, in …
Persistent link: https://www.econbiz.de/10012468322
relationship between the political influence of the two groups and the level of taxation, public investment, redistribution of …
Persistent link: https://www.econbiz.de/10012475348
Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a society where … significant and quantitatively important negative relation between inequality and growth. After a comprehensive sensitivity …
Persistent link: https://www.econbiz.de/10012475421
We develop online survey experiments to analyze how information about inequality and taxes affects preferences for … redistribution. Approximately 4,000 respondents were randomized into treatments providing interactive, customized information on U ….S. income inequality, the link between top income tax rates and economic growth, and the estate tax. An additional 6 …
Persistent link: https://www.econbiz.de/10012459796
education characteristic of the pre-reform era has given rise to substantial inequality in access to higher levels of education …
Persistent link: https://www.econbiz.de/10012460559
-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not …In cross-sectional studies, countries with greater income inequality typically exhibit less support for government …
Persistent link: https://www.econbiz.de/10012460956
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
We augment Henderson, Storeygard, and Weil (2012)'s two-signal model of true income growth with a third signal to overcome its underidentification problem. The additional moment conditions from the third signal help fully identify all model parameters without ad-hoc calibrations of the GDP's...
Persistent link: https://www.econbiz.de/10014322903
This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....
Persistent link: https://www.econbiz.de/10014337818
(generated by, e.g., technological or climatic change) among other benefits. In this paper, we study education inequality in LAC … interaction of education inequality with other forms of inequality, primarily income and labor market outcomes. Our analysis is …
Persistent link: https://www.econbiz.de/10014486218