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differences in social mobility and persistence. …
Persistent link: https://www.econbiz.de/10010548565
differences in social mobility and persistence …
Persistent link: https://www.econbiz.de/10013106535
inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover … household structure is widely neglected. Societal trends like a decline in birth rate and an increase in the risk of divorce … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in …
Persistent link: https://www.econbiz.de/10013136651
To many economists the public's support for the minimum wage (MW) institution is puzzling, since the MW is considered a “blunt instrument” for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in ability. In the first model, the government does...
Persistent link: https://www.econbiz.de/10012951678
Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability...
Persistent link: https://www.econbiz.de/10013052016
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To …
Persistent link: https://www.econbiz.de/10013056834
Using an intertemporal model of saving and capital accumulation with two types of agents (workers and capitalists) we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to...
Persistent link: https://www.econbiz.de/10012988396
employment losses (among the lowest-ability workers) from the imposition of moderately binding minimum wages. Yet, with linear …
Persistent link: https://www.econbiz.de/10013315566
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To …
Persistent link: https://www.econbiz.de/10010877822
, administrative matched employer-employee data. The distributional analysis is then conducted by transposing predicted employment … effects of actual output shocks to household-level microdata. A scenario in which labor demand adjustments occur at the …
Persistent link: https://www.econbiz.de/10013127632