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Glaeser, Edward L. - 2014

Why do levels of entrepreneurship differ across America's cities? This paper presents basic facts on two measures of … entrepreneurship: the self-employment rate and the number of small firms. Both of these measures are correlated with urban success … entrepreneurship is linked to a large number of small firms in supplying industries. Finally, there is a strong connection between area …

Persistent link: https://www.econbiz.de/10012751757

Human Capital, Economic Growth, and Inequality in China

Heckman, James J. - 2012

China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial...

Persistent link: https://www.econbiz.de/10013106083

How Elastic are Preferences for Redistribution? Evidence from Randomized Survey Experiments

Kuziemko, Ilyana - 2013

We develop online survey experiments to analyze how information about inequality and taxes affects preferences for redistribution. Approximately 4,000 respondents were randomized into treatments providing interactive, customized information on U.S. income inequality, the link between top income...

Persistent link: https://www.econbiz.de/10013085497

Human Capital Investment, Inequality and Economic Growth

Murphy, Kevin M. - 2016

We treat rising inequality is an equilibrium outcome in which human capital investment fails to keep pace with rising demand for skills. Investment affects skill supply and prices on three margins: the type of human capital in which to invest; how much to acquire; and the intensity of use. The...

Persistent link: https://www.econbiz.de/10013001789

Underestimating the Real Growth of GDP, Personal Income and Productivity

Feldstein, Martin S. - 2017

The problems involved in estimating real output that I discuss in this paper cause the official government statistics to underestimate of the rates of growth of real GDP, real personal income, and productivity. That underestimation is important not just to economists trying to understand where...

Persistent link: https://www.econbiz.de/10012959380

Mismatch and Assimilation

Wang, Ping - 2018

Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...

Persistent link: https://www.econbiz.de/10012911691

Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality

Putterman, Louis - 2010

We construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality...

Persistent link: https://www.econbiz.de/10012758246

Globalization, Growth and Distribution in Spain 1500-1913

Roses, Joan R. - 2010

The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards and labor productivity are all linked to factor endowments, to one where (endogenous) productivity change embedded in modern industrial growth breaks that link. Recently,...

Persistent link: https://www.econbiz.de/10012760115

Disaggregating the Effect of the Business Cycle on the Distribution of Income

Blank, Rebecca M. - 2010

This paper disaggregates total household income into a complete set of components and studies the comparative cyclicality of these components to economic growth. Comparisons of the relative responsiveness to GNP growth of wages, hours of work, and total labor market income of heads and wives,...

Persistent link: https://www.econbiz.de/10012760256

Financial Development, Growth, and the Distribution of Income

Greenwood, Jeremy - 2010

A paradigm is presented where both the extent of financial intermediation and the rate of economic growth are endogenously determined. Financial intermediation promotes growth because it allows a higher rate of return to be earned on capital, and growth in turn provides the means to implement...

Persistent link: https://www.econbiz.de/10012762725