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Economists use various metrics for measuring income inequality. Here, the most commonly used measures—the Lorenz curve … dimensions of economic inequality is a key first step toward choosing the right policies to address it. …
Persistent link: https://www.econbiz.de/10012120566
, which brings into question the effect they may have on inequality between and within different groups of workers. …
Persistent link: https://www.econbiz.de/10011573694
High levels of economic inequality may lead to lower economic growth and can have negative social and political impacts … significantly more than previously suggested. Currently, the average Gini index (a common measure) of inequality in Eastern Europe … is about 3 percentage points higher than in the rest of Europe. This rise in inequality was initially driven by …
Persistent link: https://www.econbiz.de/10013266267
As the largest economy in the world, the US labor market is crucial to the economic well-being of citizens worldwide as well as, of course, that of its own citizens. Since 2000 the US labor market has undergone substantial changes, reflecting the Great Recession and the Covid Recession, but also...
Persistent link: https://www.econbiz.de/10013266249
From 2000 to 2019, Canada's economy and labor market performed well. Important in this success was a strong resource boom from the late 1990s to 2014. After the boom the economy and labor market adjusted relatively smoothly, with labor and other resources exiting resource-rich regions and moving...
Persistent link: https://www.econbiz.de/10014331175
Direct wage comparisons show that public-sector employees earn around 15% more than private-sector employees. But should these differences be interpreted as a “public-sector premium”? Two points need to be considered. First, the public and private sectors differ in the jobs they offer and...
Persistent link: https://www.econbiz.de/10011404985
Immigrants contribute to the economic development of the host country, but they earn less at entry and it takes many years for them to achieve parity of income. For some immigrant groups, the wage gap never closes. There is a wide variation across countries in the entry wage gap and the speed of...
Persistent link: https://www.econbiz.de/10011404988
Higher inequality reduces capital accumulation and increases the informal economy, which creates additional employment … links between inequality and informality because badly designed informality-reducing policies may increase inequality …
Persistent link: https://www.econbiz.de/10011662644
In many developed countries, racial and ethnic minorities are paid, on average, less than the native white majority. While racial wage differentials are partly the result of immigration, they also persist for racial minorities of second and further generations. Eliminating racial wage...
Persistent link: https://www.econbiz.de/10011662683
The Icelandic labor market is characterized by high union density and the Icelanders’ willingness to work, as labor force participation is high, the work week long, and people retire late. The resilience and flexibility of the Icelandic labor market was put to the test in the Great Recession...
Persistent link: https://www.econbiz.de/10012269623