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Beyond inequality : a novel measure of skewness and its properties
Krämer, Walter; Dette, Holger - 2016
We show that a recent appendix to the Gini-coefficient to make the latter more sensitive to asymmetric income distributions can be viewed as an abstract measure of skewness. We develop some of its properties and apply it to the US-income distribution in 1974 and 2010.
Persistent link: https://www.econbiz.de/10011497895
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Inequity aversion, welfare measurement and the Gini index
Schmidt, Ulrich; Wichardt, Philipp C. - 2018
utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by …
Persistent link: https://www.econbiz.de/10011845317
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Pro-rich inflation in Europe : implications for the measurement of inequality
Gürer, Eren; Weichenrieder, Alfons J. - 2018
large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …
Persistent link: https://www.econbiz.de/10011862889
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The impact of inequality on the informal economy in Latin America and the Caribbean with a MIMIC model
Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023
a MIMIC Base Model using a data set composed by 41 countries in LAC, in which both inequality and total factor … with the literature. When compared with a model using data from 188 countries, inequality has an impact ten-fold higher in …
Persistent link: https://www.econbiz.de/10014285538
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Economic returns to speaking the right language(s)? : evidence from Kazakhstan's shift in state language and language of instruction
Aldashev, Alisher; Danzer, Alexander M. - 2014
This paper investigates the economic returns to language skills and bilingualism. The analysis is staged in Kazakhstan, a multi-ethnic country with complex ethnic settlement patterns that has switched its official state language from Russian to Kazakh. Using two newly assembled data sets, we...
Persistent link: https://www.econbiz.de/10010438031
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Does gender equality translate into economic equality? : evidence from about 150 nations
Nelson, Michael A.; Goel, Rajeev K. - 2021
This paper adds to our understanding of the causes of income inequality across nations by examining the influence of … different aspects of gender equality or female empowerment. Whereas the economics of income inequality has been an area of … government, lower fertility rates, and better overall gender equality experienced lower income inequality, ceteris paribus. These …
Persistent link: https://www.econbiz.de/10012486672
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Asymmetric information renders minimum wages less harmful
Schöb, Ronnie; Thum, Marcel - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...
Persistent link: https://www.econbiz.de/10003833327
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Wage rigidity, institutions, and inflation
Holden, Steinar; Wulfsberg, Fredrik - 2009
A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or a floorʺ for the aggregate wage growth at positive or negative levels. Aggregate wage growth...
Persistent link: https://www.econbiz.de/10003808631
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Implicit vs. explicit incentives : theory and a case study
Demougin, Dominique; Fabel, Oliver; Thomann, Christian - 2009
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
Persistent link: https://www.econbiz.de/10003850322
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Theories of fairness and reciprocity : evidence and economic applications
Fehr, Ernst; Schmidt, Klaus M. - 2000
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676