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This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10005792213
find that those who earn near-minimum wages are disproportionately female, unmarried and young, without post …-income households. Using various plausible parameters for the effect of minimum wages on hourly wages and employment, I estimate the … impact of a minimum wage rise on inequality. …
Persistent link: https://www.econbiz.de/10005032858
This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We …, creating demands for new combinations of skills, and thereby leading to new patterns of wage inequality. Specifically, our … analysis indicates how the changes can segment the labour market into an expanding sector of restructured firms where wages are …
Persistent link: https://www.econbiz.de/10005789077
This paper uses establishment level data from the British Workplace Industrial Relations Survey (WIRS) to examine the effects of new technology on pay. The wage differential associated with new technology is about 5-7% and is (i) robust to corrections for skill, workplace disamenities, and...
Persistent link: https://www.econbiz.de/10005067373
-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We …
Persistent link: https://www.econbiz.de/10005662104
Even relatively poor people oppose high rates of redistribution because of the anticipation that they, or their children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain why democracies do not engage in large-scale...
Persistent link: https://www.econbiz.de/10005662178
countries, I find that there is a strong and significant relationship between top income shares and broader inequality measures … measures of inequality over periods when alternative income distribution measures are of low quality, or unavailable …
Persistent link: https://www.econbiz.de/10004967999
efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also …
Persistent link: https://www.econbiz.de/10005791628
If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and depends positively on intellectual property, a social planner which cares about income distribution may in principle want to use a reduction in Intellectual Property Rights...
Persistent link: https://www.econbiz.de/10005791837
redistributions decreases with the degree of inequality, at least over some range. Moreover, capital market imperfections make future … high inequality and low redistribution, or vice versa. Temporary shocks to the distribution of income or the political …
Persistent link: https://www.econbiz.de/10005792191