This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …

years. Broad-based policies should aim to foster youth integration into the labor market and ensure adequate income and …

We posit that the relationship between income inequality and economic growth is mediated by the level of equality of … increase in income inequality has persistent effects-for example by hindering human capital accumulation- thereby retarding … mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility …

Data show that middle-income households have continued moving down, and less so up, the income distribution in the … United States since the 1970s-a phenomenon that is often referred to as the polarization or 'hollowing out' of the income … distribution. While the level of income polarization is generally lower in the richer states (i.e., those with higher median …

and income distribution outcomes, using data over three decades. Country distributions are calibrated by combining PPP GDP … per capita and income distribution from survey data. We apply the microeconomic concept of a social mobility function at … dynamic measure permits us to focus on inequality as well as distinguish between countries where per capita income growth was …

As labor has become more mobile in today''s world, it is important to understand the income and welfare of nationals … migration, and calculates them using New Zealand data. Growth performance measured by New Zealanders'' income has been clearly …

secular trend and the short run volatility. To do so, we employ 25 series, some of them starting as far back as 1650 and … investigating the dynamics of the volatility of the 25 relative primary commodity prices also allowing for endogenous multiple … breaks. We describe the often time-varying volatility in commodity prices and show that it has increased in recent years …

volatility in determining a firm's debt currency composition, among other channels. Furthermore, the effect of exchange rate … volatility becomes statistically insignificant beyond an estimated threshold credit-to-GDP ratio of 100 percent …