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theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …
Persistent link: https://www.econbiz.de/10012425595
specialization and trade on growth and inequality for a small developing country. Among other results, we show that a small … intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical … is skilled-labor scarce. We also address the effects of such trade opening on wage inequality. …
Persistent link: https://www.econbiz.de/10012799706
metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012018319
To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strongly increases concerns about educational inequality but only slightly affects support for equity-oriented education …
Persistent link: https://www.econbiz.de/10011931942
triggered the demand for income redistribution and wealth taxes not only to reduce inequality but also to reduce CO2 emissions …
Persistent link: https://www.econbiz.de/10013427772
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on survey data that needs not assume that voters are guided by pecuniary motives alone. We find that most democracies implement the median voter's preferred amount of redistribution...
Persistent link: https://www.econbiz.de/10010480862
population are educated, an increase in non-gravity trade is associated with a significant increase in income inequality. As … education of the population increases the correlation between non-gravity trade and income inequality becomes smaller. Non …-gravity trade has no significant effect on income inequality in countries that are world leaders in education. …
Persistent link: https://www.econbiz.de/10012269440
interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U … result, the relationship between growth and inequality can take the form of a wave. This simple theoretical model is a …
Persistent link: https://www.econbiz.de/10010288473
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …
Persistent link: https://www.econbiz.de/10010261195
This paper surveys the empirical literature on the association between growth on inequality in less developed countries …, with a particular emphasis on labor market inequality. Crosscountry studies failed to find a clear link from growth to … inequality increases with growth. The paper argues that the methodologies used in many of the empirical applications, designed to …
Persistent link: https://www.econbiz.de/10010261263