Showing 1 - 10 of 386
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...
Persistent link: https://www.econbiz.de/10010261270
unimodal one, the evolution of the health distribution has preceded that of income, global inequality and poverty has decreased … indicates that global inequality would be underestimated if within-country inequality is not taken into account. Moreover …, global inequality and poverty would be substantially underestimated if the dependence between the income and health …
Persistent link: https://www.econbiz.de/10010264413
The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...
Persistent link: https://www.econbiz.de/10012018102
social welfare has important implications for both the economics of climate change and comparative development. …
Persistent link: https://www.econbiz.de/10010333459
We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...
Persistent link: https://www.econbiz.de/10010274814
economic development, and find that democracies grow faster than autocracies. Furthermore, we illustrate how the estimation …
Persistent link: https://www.econbiz.de/10011815823
per capita affect income inequality and how they differ. The results suggest a U-shaped relationship of both measures of … GDP per capita is used, inequality is higher, leading to the conclusion that countries with policies that inflate GDP … behavioral similarity between the income of the richest 10% of population and income inequality. Lastly, there is also a …
Persistent link: https://www.econbiz.de/10014290064
heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014469860
In this paper we present a new database that allows deep industry-level growth accounting from 1991-2003. The database allows for the first complete analysis of the German industry performance drivers based on the contributions of 12 asset types in 52 different industries. The industry sources...
Persistent link: https://www.econbiz.de/10010264067
This paper aims at better understanding the inefficiency due to distributional conflicts, which are inherent in every market economy. To this end, we set up a simple general equilibrium model with the following characteristics: two groups of agents (capitalists and workers), an endogenous income...
Persistent link: https://www.econbiz.de/10010264137