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In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009524338
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...
Persistent link: https://www.econbiz.de/10009717716
We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal … ; income ; consumption ; transition ; Russia …
Persistent link: https://www.econbiz.de/10003863185
in Russia 2003. A much larger urban to rural income gap in combination with a much smaller proportion of people living in …-equalising income source in China than in Russia. While Russian public transfers reduce income inequality, Chinese public transfers … residents in China and in urban Russia to be very similar. -- income distribution ; inequality ; China ; Russia ; public …
Persistent link: https://www.econbiz.de/10009313315
The increase in wage inequality in Russia during its transition process has far exceeded the increase in wage … dispersion observed in other European countries undergoing transition. Russia also has an extremely large incidence of wage … arrears. We analyse to what extent wage arrears affect the wage distribution and measures of wage inequality in Russia. We …
Persistent link: https://www.econbiz.de/10011405706
Hardly any recent study exists that broadly reviews poverty trends over time for Russia. Analyzing the Russian …
Persistent link: https://www.econbiz.de/10012589242
countries. We offer a new study on the impacts of equivalence scale adjustments on poverty dynamics for Russia, using the … equivalence scales constructed from subjective wealth and more than 20 waves of household panel survey data from the Russia …
Persistent link: https://www.econbiz.de/10012184084
of the Communist parties in Central and Eastern Europe (CEE) and Russia and their children. Using the individual …-level survey data, we show that there are striking differences between Russia and the CEE countries in this respect. While in the … rest of the population, in Russia former CPSU members do not exhibit stronger preferences for redistribution - at the same …
Persistent link: https://www.econbiz.de/10013471475
This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization appears as a key determinant of capital accumulation which,...
Persistent link: https://www.econbiz.de/10009721371
Since Aristotle, a vast literature has suggested that economic inequality has important political consequences. Higher inequality is thought to increase demand for government income redistribution in democracies and to discourage democratization and promote class conflict and revolution in...
Persistent link: https://www.econbiz.de/10011281602