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Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile's income share is associated with a...
Persistent link: https://www.econbiz.de/10003960089
Does the supply of a welfare state create its own demand? Many economic scholars studying welfare arrangements refer to Say's law and insinuate a self-destructive welfare state. However, little is known about the empirical validity of these assumptions and hypotheses. We study the dynamic effect...
Persistent link: https://www.econbiz.de/10003845503
Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits among individuals, a significant component of the differences in inequality across societies can be attributed to variation in...
Persistent link: https://www.econbiz.de/10014287027
Defining the 'global middle class' as being neither poor nor rich in the developed world, we estimate the size of the global middle class in China and 33 other countries and analyze China's expanding middle class in international perspective. China's global middle class has grown rapidly and has...
Persistent link: https://www.econbiz.de/10012588683
Many governments introduced temporary adjustments to counter the economic and health consequences of the COVID-19 pandemic. We study the importance of already existing government transfers and pandemic measures to mitigate individual income losses during the pandemic in Sweden using a...
Persistent link: https://www.econbiz.de/10013429242
Entrepreneurship scholarship and policy are based on the myth of firm growth as imperative and the related myth of perpetual economic growth. This paper takes issue with the obsession with this growth myth, discussing the dangers it poses. Green growth and sustainable entrepreneurship are...
Persistent link: https://www.econbiz.de/10014584338
High-skilled workers are four times more likely to migrate than low-skilled workers. This skill bias in migration - often called brain drain - has been at the center of a heated debate about the welfare consequences of emigration from developing countries. In this paper, we provide a global...
Persistent link: https://www.econbiz.de/10011551902
How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...
Persistent link: https://www.econbiz.de/10011401063
How does international integration affect the welfare state? Does it call for a leaner or an expanded welfare state? International integration may affect the distortions caused by welfare state activities but also the risks motivating social insurance mechanisms. This paper addresses these...
Persistent link: https://www.econbiz.de/10011406889
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on … dimensions of inequality, and developing new methodologies to capture the many facets of globalization's relationship to … that focus on distinct aspects of globalization's relationship to inequality. …
Persistent link: https://www.econbiz.de/10014326202