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The impact assessment of education and gender on mid-career labour income in a transitional economy could provide for better understanding of the influence of the labour market dynamics over individuals with different characteristics. Here, we attempt to find an answer to the question: How...
Persistent link: https://www.econbiz.de/10011113735
The traditional and almost universal method of expressing real wages is by index numbers, according to the formula: RWI = NWI/CPI: i.e., the real wage is the quotient of the nominal (money) wage index divided by the consumer price index, all employing a common base period (here: 1451-75 = 100)....
Persistent link: https://www.econbiz.de/10005616988
As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive one disappear). In fact societies flourish as jobs bring together people from different ethnic and...
Persistent link: https://www.econbiz.de/10011107833
The circular interplay between demography-employment-productivity-PayGo is investigated for Europe and Us. Looking forward to the mid-long run, the paper offers simulations of the burden each effective worker and each active citizen will have to bear to finance via pay-as-you-go public health...
Persistent link: https://www.econbiz.de/10011112836
This paper extends an R&D-based growth model of the Rivera-Batiz and Romer-type [Quarterly Journal of Economics 106 (1991) 531] endogenous growth model by embodying a union with elastic labor to investigate the effects of unionization on employment and growth by highlighting the essence of...
Persistent link: https://www.econbiz.de/10008776873
. The relationship between polarization, inequality and poverty is analyzed via the index. First, polarization measure for …
Persistent link: https://www.econbiz.de/10008681024
The ‘wages breakout’ has been a recurring theme in the Australian public policy debate in recent years. Political conservatives, media commentators and some business groups have warned that Australian wages growth is unsustainable, or threatens to become unsustainable. This paper critically...
Persistent link: https://www.econbiz.de/10011257869
and that the exact nature of consumption patterns is important not only for growth and inequality, as has been emphasized …
Persistent link: https://www.econbiz.de/10008871296
Past sociological inequality research focused on (labor) market outcomes, while neglecting the even more important role … the distribution of wealth between European countries, and (2) that patterns of wealth inequality differ strongly from … patterns of income inequality. Surprisingly high levels of wealth disparity were found in the social democratic welfare regimes …
Persistent link: https://www.econbiz.de/10009370841
Bedevilling the ongoing debate about changes in real-incomes in late-medieval western Europe, especially during the so-called ‘Golden Age of the Labourer’, is the very troubling issue of ‘wage-stickiness’. The standard and long-traditional explanation for this supposed ‘Golden Age’...
Persistent link: https://www.econbiz.de/10005835789