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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011401020
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Increasing income inequality : productivity, bargaining and skill-upgrading
Frederiksen, Anders; Poulsen, Odile - 2010
In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
Persistent link: https://www.econbiz.de/10003941761
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(In)equality and (in)justice
Jasso, Guillermina - 2016
Understanding the exact connection between inequality and justice is important because justice is classically regarded as the first line of defense against self-interest and inequality. Absent a strong and clear link between inequality and justice, the sense of justice would not awaken to exert...
Persistent link: https://www.econbiz.de/10011521090
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On the inefficiency of inequality
Schiff, Maurice W. (contributor) - 2004 - [Elektronische Ressource]
"A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people's consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more...
Persistent link: https://www.econbiz.de/10002345036
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A theory for ranking distribution functions
Aaberge, Rolf; Havnes, Tarjei; Mogstad, Magne - 2013
When is one distribution (of income, consumption, or some other economic variable) more equal or better than another? This question has proven difficult to answer in situations where distribution functions intersect and no unambiguous ranking can be attained without introducing weaker criteria...
Persistent link: https://www.econbiz.de/10010212989
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Long run trends in Australian executive remuneration : BHP 1887 - 2012
Pottenger, Mike; Leigh, Andrew - 2013
Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average...
Persistent link: https://www.econbiz.de/10009766261
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The agricultural productivity gap and self-employment bias in the labor income share
Paul, Saumik; Thomas, Liam - 2020
We propose a theory-based adjustment to the labor income share to correct for the self-employment bias. Through a two-sector neoclassical framework with agriculture and non-agriculture, we derive the productivity-adjusted aggregate labor income share in terms of the agricultural productivity...
Persistent link: https://www.econbiz.de/10012242624
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Management compensation and firm-level income inequality
Frederiksen, Anders (contributor);  … - 2008
In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...
Persistent link: https://www.econbiz.de/10003754931
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The distribution of earnings under monopsonistic/polistic competition
Thisse, Jacques-François; Toulemonde, Eric - 2010
rationalize this by assuming that diosyncratic non-pecuniary conditions interact with money wages in workers' decisions to work …
Persistent link: https://www.econbiz.de/10008810540
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Item non-response and imputation of annual labor income in panel surveys from a cross-national perspective
Frick, Joachim R. (contributor);  … - 2007
Using data on annual individual labor income from three representative panel datasets (German SOEP, British BHPS, Australian HILDA) we investigate a) the selectivity of item non-response (INR) and b) the impact of imputation as a prominent post-survey means to cope with this type of measurement...
Persistent link: https://www.econbiz.de/10003561621