Showing 1 - 10 of 1,033
wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …We document substantial cross-sectional heterogeneity of German establishments’ real wage cyclicality over the business … cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical …
Persistent link: https://www.econbiz.de/10013212779
inequality. Using rich matched employer-employee data from Norway, we find that profit-shifting firms pay higher wages …. CEOs particularly gain, with their wages rising nearly 10%. These results thus suggest that profit shifting by …-of-the-envelope calculations suggest these higher wages would generate additional income tax revenues which would offset around 3% of the fall in …
Persistent link: https://www.econbiz.de/10013299336
The cyclicality of real wages has important implications for the validity of competing business cycle theories. However … and Germany to condition the relationship between real wages and business fluctuations on the phase of the cycle, it is … demonstrated that the inconclusive evidence is not only caused by measurement problems, estimation method and composition bias as …
Persistent link: https://www.econbiz.de/10010261205
anything, see their wages fall in the meantime. Furthermore, the inequality-deepening impact of firm entry into tax havens is …
Persistent link: https://www.econbiz.de/10013290785
This paper investigates the relationship between immigration and inequality in the UK over the past forty years. This is a period when the share of foreign-born in the UK population increased from 5.3% in 1975 to 13.4% in 2015. We evaluate the impact immigration had on wage inequality in the UK...
Persistent link: https://www.econbiz.de/10014347988
This paper investigates inequality and intragenerational economic mobility in a developing country with large inequality. Understanding economic mobility is important because it shapes our perception of inequality. Despite its significance, evidence on intragenerational mobility, especially that...
Persistent link: https://www.econbiz.de/10014262489
We characterize a measure of social welfare for linear production economies in which individuals differ in productive skills and preferences. The key feature of our measure is that it aggregates fairness gaps, defined as the difference between the money-metric utility that the individual...
Persistent link: https://www.econbiz.de/10014262033
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012841741
This paper analyzes the impact of fiscal federalism on income inequality and redistribution. Theoretically contradicting arguments ask for empirical evidence to obtain a better knowledge of this relationship. We rely on the institutional setting in Switzerland to study the issue empirically....
Persistent link: https://www.econbiz.de/10012892177
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10013218286