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Heckman, James J. - National Bureau of Economic Research (NBER) - 1999

This paper considers the sources of skill formation in a modern economy and emphasizes the importance of both cognitive and noncognitive skills in producing economic and social success and the importance of both formal academic institutions and families and firms as sources of learning. Skill...

Persistent link: https://www.econbiz.de/10005774537

Removing the Veil of Ignorance in Assessing the Distributional Impacts of Social Policies

Carneiro, Pedro; Hansen, Karsten T.; Heckman, James J. - National Bureau of Economic Research (NBER) - 2002

determine which persons are affected by a given policy, where they come from in the ex-ante outcome distribution and what their …

Persistent link: https://www.econbiz.de/10005777991

Life-cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk

Ayres, Ian; Nalebuff, Barry J. - National Bureau of Economic Research (NBER) - 2008

This paper is no longer available on-line from the NBER. A revised version of the paper has been published as "Diversification Across Time" in the Journal of Portfolio Management 39 (Winter 2013), pp.73-86.

Persistent link: https://www.econbiz.de/10005778220

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

Ludwig, Alexander; Krueger, Dirk; Boersch-Supan, Axel H. - National Bureau of Economic Research (NBER) - 2007

Demographic change has differential impacts on the welfare of current and future generations. In a simple closed economy, aging -- a relative scarcity of young workers -- increases wages, increasing the welfare of the young. At the same time, population aging will reduce rates of return to...

Persistent link: https://www.econbiz.de/10005778836

International R&D Spillovers between Canadian and Japanese Industries

Bernstein, Jeffrey I.; Yan, Xiaoyi - National Bureau of Economic Research (NBER) - 1995

This paper estimates the effects of intranational and international R&D spillovers on the cost and production structure for ten Canadian and Japanese manufacturing industries. Domestic spillovers generate greater effects on average variable cost and factor intensities compared to international...

Persistent link: https://www.econbiz.de/10005588961

Matching and Inequality in the World Economy

Costinot, Arnaud; Vogel, Jonathan - National Bureau of Economic Research (NBER) - 2009

This paper develops tools and techniques to study the impact of exogenous changes in factor supply and factor demand on factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone...

Persistent link: https://www.econbiz.de/10005004692

Inequality Trends for Germany in the Last Two Decades: A Tale of Two Countries

Fuchs-Schuendeln, Nicola; Krueger, Dirk; Sommer, Mathias - National Bureau of Economic Research (NBER) - 2009

In this paper we first document inequality trends in wages, hours worked, earnings, consumption, and wealth for Germany from the last twenty years. We generally find that inequality was relatively stable in West Germany until the German unification (which happened politically in 1990 and in our...

Persistent link: https://www.econbiz.de/10005025631

On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare

Krueger, Dirk; Ludwig, Alexander - National Bureau of Economic Research (NBER) - 2006

world-wide rates of return, international capital flows and the distribution of wealth and welfare in the OECD. We find that …

Persistent link: https://www.econbiz.de/10005088817

Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income

Gordon, Robert J.; Dew-Becker, Ian - National Bureau of Economic Research (NBER) - 2005

distribution. We show that over the entire period 1966-2001, as well as over 1997-2001, only the top 10 percent of the income … distribution enjoyed a growth rate of real wage and salary income equal to or above the average rate of economy-wide productivity … productivity growth, because half of the income gains went to the top 10 percent of the income distribution, leaving little left …

Persistent link: https://www.econbiz.de/10005089202

Income Inequality and Social Preferences for Redistribution and Compensation Differentials

Kerr, William R. - National Bureau of Economic Research (NBER) - 2011

In cross-sectional studies, countries with greater income inequality typically exhibit less support for government-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve along this pattern, a vicious cycle could form...

Persistent link: https://www.econbiz.de/10009395461