Showing 1 - 10 of 35
Using a large, register-based panel data set we study gender differences in top incomes in Sweden over the period 1974-2013. We find that, while women are still a minority of the top decile group, and make up a smaller share the higher up in the distribution we move, their presence has steadily...
Persistent link: https://www.econbiz.de/10012013510
This paper incorporates assignment frictions and sector-specific training into the Roy model of occupational choice. Assignment frictions represent the extent of the market whereas differences in sector-specific training reflect worker specialization. This framework thus captures Adam Smith's...
Persistent link: https://www.econbiz.de/10010292365
distribution, growth and international specialization. The model is explored both for the steady-state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …
Persistent link: https://www.econbiz.de/10010294524
This paper analyzes the role of income distribution in macroeonomic analysis. The study demonstrates that the long-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation between income distribution and output, an economy...
Persistent link: https://www.econbiz.de/10010420262
these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the …
Persistent link: https://www.econbiz.de/10010287839
The interaction between income distribution, accumulation, employment and the utilization of capital is central to macroeconomic models in the 'heterodox' tradition. This paper examines the stylized pattern of these variables using US data for the period after 1948. We look at the trends and...
Persistent link: https://www.econbiz.de/10010287851
It is known that the incompleteness of asset markets causes inefficiency in almost every equilibrium. Yet unexplored is the ”size” of this inefficiency. The size of a Pareto improvement is the total willingness to pay for it, out of current consumption. Inefficiency is the maximum size of...
Persistent link: https://www.econbiz.de/10010318933
This paper contributes to the literature on secular stagnation by estimating a measure of potential output growth for … utilization. The results obtained show that potential output growth exhibits a gradual decline that predates the Great Recession …-run relationship between income distribution and output growth in the USA. …
Persistent link: https://www.econbiz.de/10013269241
This paper evaluates the tax reforms carried out in Sweden between 1980 and 1991. We use a recently developed nonparametric labor supply function to account for the behavorial responses of the taxed individuals. We decompose the tax reform to study how the separate components influence hours of...
Persistent link: https://www.econbiz.de/10010321770
The Common Agricultural Policy (CAP) of the European Union has been in a process of reform since the early 1990s. As a result of reforms, agricultural market regulations have become more liberal and direct payments have been introduced which are to a large extent decoupled from production. In...
Persistent link: https://www.econbiz.de/10010343368