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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 …
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methodology to the United States forthe period 1973-1991 shows that the rise in wage inequality duringthe eighties can be largely …
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While the employment effects of minimum wages are usually reported to be small (suggesting low substitutability between skill types), direct estimates suggest a much larger degree of substitutability. This paper argues that this paradox is largely due to a bias induced by the aggregation of...
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above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there …, pre-tax income inequality decreases.We consider a Walrasian world with perfect capital and insurance markets. Hence, in …
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