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general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine crosscountry … variation in inequality with respect to import protection. Results are consistent with predictions of the factor-intensity model …
Persistent link: https://www.econbiz.de/10011335217
It is well known that rational bubbles can be sustained in balanced growth path of a deterministic economy when the return to capital r is equal to the growth rate g. When there is a lack of stores of value, bubbles can implement an efficient allocation. This paper considers a world where r...
Persistent link: https://www.econbiz.de/10011540632
We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels …
Persistent link: https://www.econbiz.de/10011333262
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-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10011325967
consumption-pattern based inequality index that summarizes the projection of inequality through expenditure patterns. Estimation …
Persistent link: https://www.econbiz.de/10011338007
methodology to the United States forthe period 1973-1991 shows that the rise in wage inequality duringthe eighties can be largely …
Persistent link: https://www.econbiz.de/10011299974