Showing 1 - 10 of 18
An influential thesis often associated with De Tocqueville views social mobility as a bulwark of democracy: when members of a social group expect to join the ranks of other social groups in the near future, they should have less reason to exclude these other groups from the political process. In...
Persistent link: https://www.econbiz.de/10011491901
We provide a comprehensive view of widening income inequality in the United States contrasting conditions since 1980 …
Persistent link: https://www.econbiz.de/10012707860
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 …: democracy does not lead to a uniform decline in post-tax inequality, but can result in changes in fiscal redistribution and …
Persistent link: https://www.econbiz.de/10013071803
Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … growth in general, but also that differences in economic inequality across the American continent during the 19th century are …
Persistent link: https://www.econbiz.de/10014224467
. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient … with an inefficient state is more likely to arise when there is greater inequality between the rich and the poor, when …
Persistent link: https://www.econbiz.de/10014054223
We document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country differences cannot be explained by observed human capital. We conjecture that the sources of within-country and...
Persistent link: https://www.econbiz.de/10014206515
the 1790s and later under Napoleon invaded and controlled large parts of Europe. Together with invasion came various …
Persistent link: https://www.econbiz.de/10014209518
Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the...
Persistent link: https://www.econbiz.de/10009488819
The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...
Persistent link: https://www.econbiz.de/10011491706
This paper develops a simple competitive model of CEO pay. A large part of the rise in CEO compensation in the US economy is explained without assuming managerial entrenchment, mishandling of options, or theft. CEOs have observable managerial talent and are matched to assets in a competitive...
Persistent link: https://www.econbiz.de/10012727167