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, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …, the gap between the interest rate and the growth rate, does not appear to explain historical patterns of inequality … (especially, the share of income accruing to the upper tail of the distribution). We then use the histories of inequality of South …
Persistent link: https://www.econbiz.de/10012457900
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … such activities, thus exacerbating inequality among a large part of the population. We then survey the existing empirical …
Persistent link: https://www.econbiz.de/10012458917
governments. We show that greater inequality makes the use of the military in nondemocratic regimes more likely and also makes it … more difficult for democracies to prevent military coups. In addition, greater inequality also makes it more likely that …
Persistent link: https://www.econbiz.de/10012464732
Persistent link: https://www.econbiz.de/10001543542
role in US wage inequality. We also propose a methodology for evaluating the full general equilibrium effects of task … groups). Our quantitative evaluation based on this methodology explains how major changes in wage inequality can go hand …
Persistent link: https://www.econbiz.de/10012585404
This paper provides evidence from the US and Denmark that managers with a business degree ("business managers") reduce their employees' wages. Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by 3% and 3...
Persistent link: https://www.econbiz.de/10013172173
We study the impact of AI on labor markets, using establishment level data on vacancies with detailed occupational information comprising the near-universe of online vacancies in the US from 2010 onwards. We classify establishments as "AI exposed" when their workers engage in tasks that are...
Persistent link: https://www.econbiz.de/10012482476
Persistent link: https://www.econbiz.de/10011689367
This paper proposes a new framework for studying the interplay between culture and institutions. We follow the recent sociology literature and interpret culture as a \repertoire", which allows rich cultural responses to changes in the environment and shifts in political power. Specifically, we...
Persistent link: https://www.econbiz.de/10012533381
in between-group inequality in the US since 1980, with rent dissipation being responsible for a fifth of this …
Persistent link: https://www.econbiz.de/10014576564