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A Schumpeterian Model of Top Income Inequality
Jones, Charles I. - 2014
Top income inequality rose sharply in the United States over the last 35 years but increased only slightly in economies like France and Japan. Why? This paper explores a model in which heterogeneous entrepreneurs, broadly interpreted, exert effort to generate exponential growth in their incomes....
Persistent link: https://www.econbiz.de/10012458028
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Accounting for Factorless Income
Karabarbounis, Loukas - 2018
Comparing U.S. GDP to the sum of measured payments to labor and imputed rental payments to capital results in a large and volatile residual or "factorless income." We analyze three common strategies of allocating and interpreting factorless income, specifically that it arises from economic...
Persistent link: https://www.econbiz.de/10012453310
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Educational Inequality*
Blanden, Jo; Doepke, Matthias; Stuhler, Jan - National Bureau of Economic Research - 2022
This chapter provides new evidence on educational inequality and reviews the literature on the causes and consequences of unequal education. We document large achievement gaps between children from different socio-economic backgrounds, show how patterns of educational inequality vary across...
Persistent link: https://www.econbiz.de/10013191073
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Inequality Trends for Germany in the Last Two Decades : A Tale of Two Countries
Fuchs-Schündeln, Nicola - 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 …
Persistent link: https://www.econbiz.de/10012463591
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Earnings Inequality in Germany
Abraham, Katharine G. - 1993
these studies' findings, our analysis of micro data for the former West Germany yields virtually no evidence of growth in … bottom half of the earnings distribution led to a narrowing of the overall dispersion of earnings in Germany. Earnings … within either education or age groups. Germany wage setting institutions tend to limit earnings differentials across groups …
Persistent link: https://www.econbiz.de/10012474401
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Capital Share Risk in U.S. Asset Pricing
Lettau, Martin - 2014
A single macroeconomic factor based on growth in the capital share of aggregate income exhibits significant explanatory power for expected returns across a range of equity characteristic portfolios and non-equity asset classes, with risk price estimates that are of the same sign and similar in...
Persistent link: https://www.econbiz.de/10012457922
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Markups, Labor Market Inequality and the Nature of Work
Kaplan, Greg - 2020
We demonstrate the importance of distinguishing between the traditional use of labor for production, versus alternative uses of labor for overhead, marketing and other expansionary activities, for studying the distribution of both factor income and labor income. We use our framework to assess...
Persistent link: https://www.econbiz.de/10012479324
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Distributional National Accounts : Methods and Estimates for the United States
Piketty, Thomas - 2016
This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution...
Persistent link: https://www.econbiz.de/10012455735
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Labor Market Institutions in the Gilded Age of American Economic History
Naidu, Suresh - 2016
Although 19th century American labor markets were unencumbered by regulatory legislation, labor market institutions played an active role determining labor market outcomes and the distribution of income. We provide evidence of firm-specific rents in 19th century labor markets: employees in firms...
Persistent link: https://www.econbiz.de/10012456557
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Immigration and the Distribution of Incomes
Blau, Francine D. - 2012
discuss evidence on these questions for Austria, Britain, France, Germany, Hong Kong, Israel, Portugal, Spain and the United …
Persistent link: https://www.econbiz.de/10012460146