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We model individual careers in sports and games from initial entry to eventual exit or success as a discrete-choice, finite-horizon optimization problem. We apply this model to the international game of chess and study cross-country differences in the relative success of players. While we find...
Persistent link: https://www.econbiz.de/10003646733
inequality: Thus there is a new approach for explaining Piketty's historical findings of a medium term rise of the capital income …
Persistent link: https://www.econbiz.de/10010510592
We study the distributional effect of a wage indexation mechanism - the Scala Mobile (SM) - that heavily compressed the distribution of Italian wages during the 1970s and 1980s. The SM imposed large real wage increases at the bottom of the distribution and was essentially irrelevant for...
Persistent link: https://www.econbiz.de/10011308424
In order to offer a balanced assessment of the role of minimum wages in the Welfare State, seven basic questions need to be answered: (i) Why is the minimum wage a useful redistributive tool?; (ii) How binding are minimum wage floors in different countries?; (iii) To what extent do minimum wages...
Persistent link: https://www.econbiz.de/10011333284
claimed that "the more we target benefits at the poor, the less likely we are to reduce poverty and inequality". The basic …
Persistent link: https://www.econbiz.de/10009753045
on inequality and progressivity become substantially lower when payroll taxes are reduced, which is due to increased work …
Persistent link: https://www.econbiz.de/10010225955
quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor …
Persistent link: https://www.econbiz.de/10010230511
Research and policy discussion about the diverging fortunes of children from advantaged and disadvantaged households have focused on the skill disparities between these children – how they might arise and how they might be remediated. Analysis of data from the National Longitudinal Study of...
Persistent link: https://www.econbiz.de/10010125884
Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be … Surveys, to revisit the question of whether inequality is associated with economic growth and, in particular, to examine … whether inequality of opportunity - driven by circumstances at birth - has a negative effect on subsequent growth. Results are …
Persistent link: https://www.econbiz.de/10010364975
differences. Finally, we find that inequality in human capital distribution increases in time and that, in the long run …, inequality always promotes growth. …
Persistent link: https://www.econbiz.de/10011517740