The raw gender wage gap over the period 1995-2012 amounts to app. 9% of hourly wage and is fairly stable. However, the raw gap does not account for differences in endowments between genders. In fact, the adjusted wage gap amounts to as much as 20% on average over the analysed period and shows...

Income inequality is one of the most common issues considered in the context of economic growth. As theoretical literature indicates, income inequality interacts with the level of development through various channels, e.g. education, investment level or delinquency. We used data from 120...