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Correlations of Brothers' Earnings and Intergenerational Transmission
Bingley, Paul - 2017
Correlations between parent and child earnings reflect intergenerational mobility and, more broadly, correlations between siblings' earnings reflect shared community and family background. These earnings relationships capture important aspects of relations in socioeconomic status more generally....
Persistent link: https://www.econbiz.de/10012954369
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Highways, Market Access, and Spatial Sorting
Fretz, Stephan - 2018
We design a spatial model featuring workers embodied with heterogeneous skills. In equilibrium, locations with improved market access become relatively more attractive to the high-skilled, high-income earners. We then empirically analyze the effects of the construction of the Swiss highway...
Persistent link: https://www.econbiz.de/10012929259
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Intergenerational Transmission of Skills During Childhood and Optimal Public Policy
Casarico, Alessandra; Micheletto, Luca; Sommacal, Alessandro - 2021
The paper characterizes the optimal tax policy and the optimal quality of day care services in a OLG model with warm-glow altruism where parental choices over child care arrangements affect the probability that the child becomes a high-skilled adult in a type-specific way. With respect to...
Persistent link: https://www.econbiz.de/10013316071
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Integration, Mobility, and Human Capital Formation
Haupt, Alexander - 2010
In this note, we show that labour market integration can be a double-edged sword. In the presence of local human capital externalities, integration and the ensuing agglomeration of skilled labour can cause a decline in human capital and the total wage sum (net of education costs). In particular,...
Persistent link: https://www.econbiz.de/10013137447
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Why Do We Ignore the Risk in Schooling Decisions?
Hartog, Joop - 2014
While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...
Persistent link: https://www.econbiz.de/10013054013
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Income Inequality and Oligarchs in Russian Regions : A Note
Fidrmuc, Jarko - 2017
We trace the rise of the so called oligarchs in post-Soviet Russia and examine their relationship to income distribution in Russia. When Russia moved to a market economy in the 1990s a new business elite evolved. Russia's distinctive path towards market economy, among other factors, gave rise to...
Persistent link: https://www.econbiz.de/10012955282
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Can Subsidising Job-Related Training Reduce Inequality?
Angelopoulos, Konstantinos - 2017
A well-established stylised fact is that employer provided job-related training raises productivity and wages. Using UK data, we further find that job-related training is positively related to subsidies aimed at reducing training costs for employers. We also find that there is a positive, albeit...
Persistent link: https://www.econbiz.de/10012948253
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The Subversive Nature of Inequality : Subjective Inequality Perceptions and Attitudes to Social Inequality
Kuhn, Andreas - 2016
This paper shows that higher levels of perceived wage inequality are associated with a weaker (stronger) belief into meritocratic (non-meritocratic) principles as being important in determining individual wages. This finding is robust to the use of an instrumental-variable estimation strategy...
Persistent link: https://www.econbiz.de/10012984497
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Income and Wealth Inequality in America, 1949-2016
Kuhn, Moritz - 2018
Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … all American households have less wealth today in real terms than the median household had in 1970 …
Persistent link: https://www.econbiz.de/10012932905
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Does Size Matter? The Impact of Changes in Household Structure on Income Distribution in Germany
Peichl, Andreas - 2010
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 … inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover …
Persistent link: https://www.econbiz.de/10013136651