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We analyze some macroeconomic implications that follow from the fact that people tend to consume higher-quality goods as their incomes rise. The model involves two sectors: one producing a homogeneous good and the other producing a product with variable levels of quality. Both sectors use...
Persistent link: https://www.econbiz.de/10011409777
export prices. We identify a theoretical mechanism behind these links, which suggests that a more unequal income distribution … leads to higher average prices. We test the theory using detailed data for Brazilian exporters and find that the destination … countries ́first and second moment of the income distribution are important determinants of export prices. Controlling for …
Persistent link: https://www.econbiz.de/10009764401
How exposed is the labour market to ever-advancing AI capabilities, to what extent does this substitute human labour, and how will it affect inequality? We address these questions in a simulation of 711 US occupations classified by the importance and level of cognitive skills. We base our...
Persistent link: https://www.econbiz.de/10015077845
We analyse optimal environmental policies in a market that is vertically differentiated in terms of the energy efficiency of products. Considering energy taxes, subsidies to firms for investment in more eco-friendly products, and product standards, we are particularly interested in how...
Persistent link: https://www.econbiz.de/10003944707
discuss what standards are, how the process of standardization works, and how standards are related to induced innovation and …
Persistent link: https://www.econbiz.de/10009752019
The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...
Persistent link: https://www.econbiz.de/10010417976
To examine how human capital accumulation influences both economic growth and income inequality, we carefully endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how both relate to learning-by-doing and R&D intensity. In...
Persistent link: https://www.econbiz.de/10009781636
improve the ability of firms in developing countries to break into export markets. A Northern firm with a superior process …
Persistent link: https://www.econbiz.de/10003790965
country's export basket. The empirical analysis relates unit values of exports measured at the 4-digit SITC level to data on … help bridge gaps in production and marketing techniques between developing and high income economies. -- export quality …
Persistent link: https://www.econbiz.de/10003922581
Persistent link: https://www.econbiz.de/10003497526