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Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to...
Persistent link: https://www.econbiz.de/10014484556
considered here rests on the view that IT makes the acquisition of knowledge cheaper, which intensifies competition among workers … specialized in knowledge production. Those who lose in such competition end up displaced to occupations with a lower knowledge … inequality. The least skilled do not participate in this competition, as they are not specialized in knowledge production; they …
Persistent link: https://www.econbiz.de/10011401091
, firms are price-makers and wage-setters. Our setting combines monopolistic and monopsonistic competition, thus encapsulating …
Persistent link: https://www.econbiz.de/10013139040
Welfare and Competition tool (WELCOM), to estimate with minimum data requirements the direct distributional effects of market … telecommunications and corn products. The results show that increasing competition from four to 12 firms in the mobile telecommunications …
Persistent link: https://www.econbiz.de/10013250767
Welfare and Competition tool (WELCOM), to estimate with minimum data requirements the direct distributional effects of market … telecommunications and corn products. The results show that increasing competition from four to 12 firms in the mobile telecommunications …
Persistent link: https://www.econbiz.de/10012418634
these shares in order not to fall behind in the international competition, they must accept a rising public debt and/or must …
Persistent link: https://www.econbiz.de/10009244110
This paper shows that increasing product market competition can have a direct impact on the employment relationship and … on wage inequality. I develop a simple model in which an increase in product market competition increases returns to … skill through the effect of competition on the sensitivity of profits to cost reductions. I then show empirically that …
Persistent link: https://www.econbiz.de/10002707372
SOEP for West Germany, and the PSID for the USA, a factor decomposition method described by Shorrocks (1982) is applied … contribution to overall inequality in relation to its share in disposable income. This applies to Germany and the USA in particular …
Persistent link: https://www.econbiz.de/10003716531
Using data from the German Socio-Economic Panel Study (GSOEP), it is shown that income comparison with persons who are better off has a clear impact on the job satisfaction of West German full-time employees. Two contrary effects can be identified. On the one hand, there is an aversion to...
Persistent link: https://www.econbiz.de/10003310956
In Germany, there is an ongoing debate about how to increase the efficiency of the social security system and … especially its financing. The aim of this paper is to simulate different financing systems for Germany. The introduction of a …
Persistent link: https://www.econbiz.de/10003831890