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sets inequalities in lifetime earnings, which would otherwise translate into differences in living standards. Based on a … life-cycle model, we find that redistribution by taxes and transfers off sets 54% of the inequality in lifetime earnings … that is due to heterogeneous skill endowments. Meanwhile, taxes and transfers insure 45% of lifetime earnings risk. Taxes …
Persistent link: https://www.econbiz.de/10012108653
-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …
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We study the long-run implications of regional and ethnic favoritism in Africa. Combining geocoded individual-level survey data from the Demographic and Health Survey (DHS) with data on national leaders’ birthplaces across 41 African countries, we explore the educational attainment of adults...
Persistent link: https://www.econbiz.de/10012492849
Previous work suggests a general uncertainty surrounding the migration process acts as a barrier to outmigration. In this paper, we argue that this barrier is exacerbated when relative economic policy uncertainty is higher in the target country and mitigated when relatively higher in the origin...
Persistent link: https://www.econbiz.de/10014232682
We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracies on economic institutional quality...
Persistent link: https://www.econbiz.de/10013342090
The Pareto distribution has been used to describe firm sizes in many theoretical models for its convenience and empirical validity. We provide estimates of the Pareto parameters across industries and investigate the determinants of the shape of the firm size distribution in Brazil. The Pareto...
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