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Prior to the last three decades, regular surveys on household income were rare or non-existent in many developed countries, making it difficult for economists to develop long-run series on income distribution. Using taxation statistics, which tend to be available over a longer time span, I...
Persistent link: https://www.econbiz.de/10004977278
stratification. Imperfect capital markets are not necessary, but will compound these other sources. Second, stratification makes … to reduce stratification, it may improve educational achievement in poor communities much less than it lowers it in … policy to improve both equity and efficiency. Fifth, because of the cumulative nature of the stratification process, it is …
Persistent link: https://www.econbiz.de/10005661649
This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent economy. Such redistributive policies entail distortions to labour supply and savings, but also serve as partial substitutes for missing credit and insurance markets. The resulting...
Persistent link: https://www.econbiz.de/10005124288
This paper examines how economic stratification affects inequality and growth over time. It studies economies where …
Persistent link: https://www.econbiz.de/10005666953
A common critique of most measures of income inequality, which are based on a single year's income, is that they fail to take account of income mobility. If income fluctuations are large, and individuals can smooth consumption, then high inequality and high mobility may be no worse than low...
Persistent link: https://www.econbiz.de/10008511760
Using taxation statistics, we estimate the income share held by top income groups in Australia over the period 1921-2002. We find that the income share of the richest fell from the 1920s until the mid-1940s, rose briefly in the post-war decade, and then declined until the early-1980s. During the...
Persistent link: https://www.econbiz.de/10004971388
What impact do income and other demographic factors have on a voter’s partisan choice? Using post-election surveys of 14,000 voters in ten Australian elections between 1966 and 2001, I explore the impact that individual, local and national factors have on voters’ decisions. In these ten...
Persistent link: https://www.econbiz.de/10004977279
Using two unifying models and an empirical exercise, this paper presents and extends the main theories linking income distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect capital markets theories. It allows for...
Persistent link: https://www.econbiz.de/10005123982
We investigate the relationship between inequality and intergenerational mobility. Proxying fathers’ earnings with using detailed occupational data, we find that sons who grew up in countries that were more unequal in the 1970s were less likely to have experienced social mobility by the...
Persistent link: https://www.econbiz.de/10005032847
What is the impact of raising the minimum wage on family incomes? Analysing the characteristics of low wage workers, I find that those who earn near-minimum wages are disproportionately female, unmarried and young, without post-school qualifications and overseas born. About one-third of...
Persistent link: https://www.econbiz.de/10005032858