Showing 1 - 10 of 251
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10010282316
people with the highest ability are cloned, while people at the bottom of the distribution of income specialize in surrogacy … workers have a top ability if fertility is uncorrelated with ability and if the distribution of ability among sexually … produced children is the same as among their parents. In such a society, cloning has disappeared. If the distribution of genes …
Persistent link: https://www.econbiz.de/10010262438
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10010269040
This paper presents an overlapping generations model to explain why humans live in families rather than in other pair groupings. Since most non-human species are not familial, something special must be behind the family. It is shown that the two necessary features that explain the origin of the...
Persistent link: https://www.econbiz.de/10010269437
rank in the distribution of income. In the Sex and the City (SATC) type, women marry men who are better ranked than … themselves. There is a mass of unmarried men at the bottom of the distribution of human capital, and a mass of single women at … the top of that distribution. It is shown that the economy switches from a Victorian to an SATC equilibrium as inequality …
Persistent link: https://www.econbiz.de/10010271277
position of the household in the income distribution and that behavioural response can potentially improve the welfare position …
Persistent link: https://www.econbiz.de/10010278686
the wage distribution, as traditional methods can confound opposing effects at either end of the wage distribution … driven by looks than self-esteem. Counterfactual wage distributions, constructed using distribution regression, show a beauty … premium for women at the bottom of the wage distribution. However, most of this is explained by the fact that attractive women …
Persistent link: https://www.econbiz.de/10010283956
attitudes towards the income distribution in a society: the normative and the comparative view. The first can be thought of as …
Persistent link: https://www.econbiz.de/10010352288
other natural resources determines structural change and economic development. A more equal distribution of natural … earned in the primary goods sector. Second, by shifting the distribution of political power from resource owners towards the …
Persistent link: https://www.econbiz.de/10010267484
In seeking to understand inequality today, a great deal can be learned from history. However, there are few countries for which the long-run development of income inequality has been charted. Many countries have records of incomes, taxes and social support. This paper presents a new methodology...
Persistent link: https://www.econbiz.de/10011653302