Similar Search Results

Misperceptions About the Magnitude and Timing of Changes in American Income Inequality

Gordon, Robert J. - 2009

Recent contributions in the inequality literature have raised questions about previous research on skill-biased technical change and the managerial power of CEOs. Directly supporting our theme of prior exaggeration of the rise of inequality is new research showing that price indexes for the poor...

Persistent link: https://www.econbiz.de/10012463299

SMEs, Growth, and Poverty

Beck, Thorsten - 2005

This paper explores the relationship between the relative size of the Small and Medium Enterprise (SME) sector, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 45 countries, we find a strong,...

Persistent link: https://www.econbiz.de/10012467461

The Industry Anatomy of the Transatlantic Productivity Growth Slowdown

Gordon, Robert J. - 2019

By merging KLEMS data sets and aggregating over the ten largest Western European nations (EU-10), we are able to compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are provided at the aggregate level, as well as for 16...

Persistent link: https://www.econbiz.de/10012479654

The Aftermath of the 1992 ERM Breakup : Was There a Macroeconomic Free Lunch?

Gordon, Robert J. - 1999

This paper examines the macroeconomic aftermath of the 1992 breakdown of the European Exchange Rate Mechanism (ERM). The economic performance of six leaver' nations is compared with five stayer' nations that maintained a roughly fixed parity with the Deutsche Mark. Recent writing about...

Persistent link: https://www.econbiz.de/10012471843

Two Centuries of Economic Growth : Europe Chasing the American Frontier

Gordon, Robert J. - 2004

, Europe fell behind steadily to a level of barely half in 1950, and then began a rapid catch-up. While Europe's level of … productivity has almost converged, its income per person has leveled off at about three-quarters of America's. How could Europe be … so productive yet so poor? The simple answer is that hours per person in Europe have fallen drastically in the past 40 …

Persistent link: https://www.econbiz.de/10012468028

Why was Europe Left at the Station When America's Productivity Locomotive Departed?

Gordon, Robert J. - 2004

After fifty years of catching up to the United States level of productivity, since 1995 Europe has been falling behind …. The growth rate in output per hour over 1995-2003 in Europe was just half that in the United States, and this annual … the period since 1995. Disaggregated studies of industrial sectors suggest that the main difference between Europe and the …

Persistent link: https://www.econbiz.de/10012468029

Finance and Children’s Academic Performance

Hu, Qing - 2020

What is the impact of regulatory reforms that enhance credit market efficiency on children's human capital? Using a parent-child panel dataset, we find that such reforms reduced children's academic performance in low-income families. Consistent with the view that financial development entices...

Persistent link: https://www.econbiz.de/10012479202

Big bad banks? : the impact of u.s. branch deregulation on income distribution

Beck, Thorsten - 2007

"Policymakers and economists disagree about the impact of bank regulations on the distribution of income. Exploiting cross-state and cross-time variation, we test whether liberalizing restrictions on intra-state branching in the United States intensified, ameliorated, or had no effect on income...

Persistent link: https://www.econbiz.de/10010521579

Finance, inequality, and poverty : cross-country evidence

Beck, Thorsten - 2004

"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...

Persistent link: https://www.econbiz.de/10010522996

The 1981-82 Velocity Decline : A Structural Shift in Income or Money Demand?

Gordon, Robert J. - 1984

The velocity of both M1 and M2 appears to have experienced a sharp and persistent downward shift during 1981 and 1982. The implications of this shift are reexamined within the context of the previous literature on quarterly econometric equations explaining the demand for money. The traditional...

Persistent link: https://www.econbiz.de/10012477748