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countries experiencing larger increases in unemployment and where credit growth during the pre-crisis period was more rapid …
Persistent link: https://www.econbiz.de/10013138322
During Egypt's Arab Spring, unprecedented popular mobilization and protests brought down Hosni Mubarak's government and …
Persistent link: https://www.econbiz.de/10013044344
This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom. We observe rising top income and wealth shares...
Persistent link: https://www.econbiz.de/10012963762
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764
varies across comparison countries, relative to all comparison countries the US has similar neonatal (<1 month) mortality but …
Persistent link: https://www.econbiz.de/10013046602
We use a simple theoretical framework and a randomized manipulation of access to information on peers' wages to provide new evidence on the effects of relative pay on individual job satisfaction and job search intentions. A randomly chosen subset of employees of the University of California (UC)...
Persistent link: https://www.econbiz.de/10013137764
It is well known that children raised in poverty demonstrate lower academic achievement than children raised in affluence. This study extends previous studies in three ways. First, it estimates structural instead of reduced-form models of child academic attainment. Such structural models...
Persistent link: https://www.econbiz.de/10013225968
The answer to the question posed in the title is 'yes.' Using a total of 128,106 answers to a survey question about happiness,' we find that there is a large, negative and significant effect of inequality on happiness in Europe but not in the US. There are two potential explanations. First,...
Persistent link: https://www.econbiz.de/10013226162
There is a widespread belief that the COVID-19 pandemic has increased global income inequality, reducing per capita incomes by more in poor countries than in rich. This supposition is reasonable but false. Rich countries have experienced more deaths per head than have poor countries; their...
Persistent link: https://www.econbiz.de/10013247006
consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation … within and between industries. While the opening of trade yields welfare gains, unemployment and inequality within sectors … nonmonotonic effects on unemployment and inequality within sectors. As aggregate unemployment and inequality have within- and …
Persistent link: https://www.econbiz.de/10012758160