Showing 1 - 10 of 470
We assemble a novel dataset of matched legislative and constituent votes and demonstrate that less income does not mean less representation. We show 1) The opinions of high and low income voters are highly correlated; the legislator's vote often reflects the desire of both. 2) What differences in...
Persistent link: https://www.econbiz.de/10013129121
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of … suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality …
Persistent link: https://www.econbiz.de/10013132486
Different beliefs about how fair social competition is and what determines income inequality, influence the … income inequality and choices of redistributive policies …
Persistent link: https://www.econbiz.de/10013134300
We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...
Persistent link: https://www.econbiz.de/10013135402
This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional...
Persistent link: https://www.econbiz.de/10013135411
The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality …, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with … that model. As a result, economists moved away from trade as a plausible explanation for rising income inequality. In …
Persistent link: https://www.econbiz.de/10013137608
inequality contributes to a host of social ills by weakening the public sector. In contrast, we find that growing income … inequality is associated with an expansion in revenues and expenditures on a wide range of services at the municipal and school …
Persistent link: https://www.econbiz.de/10013139116
This paper estimates the total value that individuals derive from their state's tax-and-transfer program, and shows how this value varies by income. The paper decomposes this total value into two components: redistributive value, which is due to predictable changes in income (and family...
Persistent link: https://www.econbiz.de/10013139136
It has been quite broadly documented that, historically, there has not been widespread convergence in levels of income across countries. This paper addresses the question of whether the behavior of cross-country income differentials over time, within a specified group of countries, might be...
Persistent link: https://www.econbiz.de/10013139188
We analyze how relative wage movements across birth cohorts and education groups during the 1980s affected the distribution of household consumption. The analysis integrates the labor economics literature on time variation in the wage structure with the consumption insurance literature. In...
Persistent link: https://www.econbiz.de/10013139905