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Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the …-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …
Persistent link: https://www.econbiz.de/10011255487
We study career choice when competition for promotion is a contest. A more meritocratic profession always succeeds in attracting the highest ability types, whereas a profession with superior promotion benefits attracts high types only if the hazard rate of the noise in performance evaluation is...
Persistent link: https://www.econbiz.de/10011255815
This discussion paper resulted in a publication in the <A HREF="http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=9148929&fileId=S2050124213000209">'Network Science'</A>, 2014, 96(5), 936-948.<P> This paper analyzes the relationship between unexplained racial/ethnic wage differentials on the one hand and social network segregation, as measured by inbreeding homophily, on the other hand. Our...</p></a>
Persistent link: https://www.econbiz.de/10011255663
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute …
Persistent link: https://www.econbiz.de/10011256138
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10011255579
This study explores global inequality in health status, and decomposes it into within- andbetween-country inequality … contrast with similar research on income inequality, within-country variation is thesource of most inequality, rather than the …
Persistent link: https://www.econbiz.de/10011256135
inequality. This paper presents an experiment which disentangles concerns for risk and inequality in a social risk context … terms of dispersion. We disentangle four types of dispersion: ex ante inequality, ex post inequality, individual risk, and … collective risk. The results show that people are averse towards ex ante inequality and individual risk, whereas they are ex post …
Persistent link: https://www.econbiz.de/10011256490
well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up … href="http://www.springerlink.com/content/ak4r54626380774p/">Journal of Economic Inequality</A>. …
Persistent link: https://www.econbiz.de/10011256511
method to decompose Income Satisfaction Inequality according to the contributions from variables such as income, education …In this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to … analogue of the objective income concept and includes objective income inequality as a special case. The paper introduces a …
Persistent link: https://www.econbiz.de/10011256672
general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine crosscountry … variation in inequality with respect to import protection. Results are consistent with predictions of the factor-intensity model …
Persistent link: https://www.econbiz.de/10011257001