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inequality. We show that the correlation between mobility and inequality depends on which factor caused the change in inequality …. The model can thus help discriminate between different competing explanations of the recent rise in US wage inequality … correlation between wage inequality and mobility. Public subsidies to education reduce inequality, but the effect on mobility is …
Persistent link: https://www.econbiz.de/10005136647
Do students benefit from compulsory schooling? Researchers using changes in compulsory schooling laws as instruments have typically estimated very high returns to additional schooling that are greater than the corresponding OLS estimates and concluded that the group of individuals who are...
Persistent link: https://www.econbiz.de/10005791839
affected the level of income and wealth inequality within Australian society. Although there is a general agreement amongst … researchers that there has not been a significant increase in inequality in regard to either income or wealth between the 1980s … and the 2000s, some researchers argue that earnings inequality has increased. There is also evidence of a mismatch between …
Persistent link: https://www.econbiz.de/10008515764
We examine a "Rotten Kid" model (Becker 1974) where a player with social preferences interacts with an egoistic player. We assume that social preferences are intention-based rather than outcome-based. In a very general multi-stage setting we show that any equilibrium must involve mutually unkind...
Persistent link: https://www.econbiz.de/10008468559
We use the first three waves of the Household Income and Labour Dynamics in Australia (HILDA) Survey to examine the retirement plans of middle-aged workers (aged 45-55). Our results indicate that approximately two-thirds of men and more then half of women appear to be making standard retirement...
Persistent link: https://www.econbiz.de/10004971379
use real wages. To understand the implications of this finding for changes in well-being inequality I use a simple general … increase in well-being inequality even if the increase in real wage inequality is limited. Alternatively, it is possible that … that the increase in well-being inequality between 1980 and 2000 is smaller than the increase in nominal wage inequality. …
Persistent link: https://www.econbiz.de/10005136498
. In the short run, cloning reduces inequality. In the long run, it creates a perfectly egalitarian society where all … necessarily eliminate inequality; nor does it disappear in the long run. Finally, if fertility is negatively correlated with …
Persistent link: https://www.econbiz.de/10005792154
Household Income and Wealth, which has data on real estate transfers and information on potential donors as well as recipients …. Our sample includes data on 34,885 owners of real estate wealth and 120,686 potential donors. Differences …-in-differences estimates indicate that the abolition of estate taxes has increased the propensity to transfer real estate wealth by about 2 …
Persistent link: https://www.econbiz.de/10008530348
The intergenerational elasticity of income is considered one of the best measures of the degree to which a society gives equal opportunity to its members. While much research has been devoted to measuring this reduced-form parameter, less is known about its underlying structural determinants....
Persistent link: https://www.econbiz.de/10008530361
A state school system should be expected to reduce income inequality and to make intergenerational mobility easier. It … is therefore somewhat surprising to observe that Italy, in comparison to the United States, displays less inequality …
Persistent link: https://www.econbiz.de/10005136455