Showing 1 - 10 of 1,190
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …
Persistent link: https://www.econbiz.de/10010199422
We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use … data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest … that market-oriented structural reforms were associated with rising income inequality in the full sample. Trade and …
Persistent link: https://www.econbiz.de/10012154916
This paper examines the impact of labour market and product market reforms on income inequality for 25 OECD countries …. Our results suggest that both types of (endogenized) reforms cause more income inequality. Consistent with this finding is … that counter-reforms lead to less income inequality. However, the inequality-raising effects of reforms occur especially in …
Persistent link: https://www.econbiz.de/10013489588
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383744
The COVID-19 crisis poses new policy challenges and has spurred new research agendas in public economics. In this article, we selectively reflect on how the field of public economics has been shaped by the COVID-19 pandemic and discuss several areas where more research is necessary. We highlight...
Persistent link: https://www.econbiz.de/10013413273
theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … inequality. We conclude by proposing a 7-point agenda for future research. …
Persistent link: https://www.econbiz.de/10011780603
While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. On the other hand, in societies where …
Persistent link: https://www.econbiz.de/10011397917
We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...
Persistent link: https://www.econbiz.de/10011343080
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …
Persistent link: https://www.econbiz.de/10010227190
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