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The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully...
Persistent link: https://www.econbiz.de/10013388880
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...
Persistent link: https://www.econbiz.de/10014528414
For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers' nominal wage … measurement of frequent wage cuts might be an artifact of reporting error. This article summarizes a more recent wave of studies … based on more accurate wage data from payroll records and pay slips. By and large, these studies indicate that, except in …
Persistent link: https://www.econbiz.de/10012481040
, for a given level of long-run productivity growth. A theoretical framework based on asymmetric real wage rigidities is …
Persistent link: https://www.econbiz.de/10012462282
Chapter 6 from the forthcoming Inclusive Wealth Report 2022 looks at human capital in greater detail, based on the latest human capital estimates from the Inclusive Wealth Report (IWR) project. In the chapter, which is repeated here, the growth of human capital and several of its constituent...
Persistent link: https://www.econbiz.de/10013210063
The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender, education, and industry and treat the U.S....
Persistent link: https://www.econbiz.de/10013388802
States, curbing wage inflation and returning price inflation to target may require a period of modestly higher unemployment …
Persistent link: https://www.econbiz.de/10014544809
Goods producers increase their capital expenditure and employment in response to a cut in marginal corporate income tax rates or an increase in investment tax credits. In contrast, companies in the service sector mostly use any tax windfall to increase dividend payouts. We base our conclusions...
Persistent link: https://www.econbiz.de/10014287379
Persistent link: https://www.econbiz.de/10000453045
. The observed wage differences are strongly correlated to the GDP per-capita of the worker's country. This correlation is …
Persistent link: https://www.econbiz.de/10012660114