We propose a market-for-offenses model of property crime, which explicitly accounts for protection expenditures among … heterogeneous individuals. The crime equilibrium is modeled as a free-access equilibrium in which the match between criminals and … victims equates the average returns to crime. We borrow from the literature on the economics of conflicts in order to define …

In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …

inequality when workers are ex-ante equal, but their adaptability to new technologies is subject to stochastic factors that are … the demand for adaptable workers. In the model the rise in within-group inequality is mainly transitory, and is mirrored …

lead to higher inequality across firms, increased segregation of labour markets and decreased within-firm inequality. This … workplace systems. Our results suggest that HPWOs increase both across and within firm inequality. We do not find evidence …

institutions that can be durably sustained, showing in particular how skill-biased technical change may cause the welfare state to … excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … institutions also shape the course of technology; thus, a worldwide shift in the technology frontier results in different …