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In many economic applications involving comparisons of multivariate distributions, supermodularity of an objective function is a natural property for capturing a preference for greater interdependence. One multivariate distribution dominates another according to the `supermodular stochastic...
Persistent link: https://www.econbiz.de/10011083601
In this paper, we propose to identify the dependence structure existing between the returns of equity and commodity futures and its evolution through the past 20 years. The key point is that we do not do not impose the dependence structure but let the data select it. To do so, we model the...
Persistent link: https://www.econbiz.de/10011084009
One often heard counter to the concern on rising income and wealth inequality is that it is wrong to focus on … inequality of outcomes in a “snapshot.” Intergenerational mobility and “equality of opportunity”, so the argument goes, is what … lower inequality not between individuals but between the dynasties to which they belong? And how does this pattern in turn …
Persistent link: https://www.econbiz.de/10011252615
or societal laws benefiting religious citizens. Rising income inequality can, however, lead some of the rich to form a …
Persistent link: https://www.econbiz.de/10011262883
We investigate the long term determinants of political and economic outcomes over a new data set composed of Mississippi counties. We analyze the effect of disfranchisement on voting registration at the end of the nineteenth century (1896-9), as well as the impact of voting registration on...
Persistent link: https://www.econbiz.de/10009321839
We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout …
Persistent link: https://www.econbiz.de/10009399722
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …
Persistent link: https://www.econbiz.de/10008502580
This paper examines whether the expansion of higher education has reduced inequality by providing more opportunities … Maximally Maintained Inequality theory and Relative Risk Aversion theory, I use logistic regressions to analyse data collected …
Persistent link: https://www.econbiz.de/10008515765
We conduct a systematic empirical study of cross-sectional inequality in the United States, integrating data from the … Finances. In order to understand how different dimensions of inequality are related via choices, markets, and institutions, we … wage inequality over the sample period. Changes in the distribution of hours worked sharpen the rise in earnings inequality …
Persistent link: https://www.econbiz.de/10008496450
approaches seem to be exaggerated, proposing artificial breaks in the historical process. Inequality was at a high level by the … towards skill-intensive products, inequality gave rise to serious shortcomings in terms of human capital accumulation, and the …
Persistent link: https://www.econbiz.de/10008468602