Showing 1 - 10 of 421
We provide a common set of life-cycle earnings statistics using administrative data from the United States, Canada, Denmark and Sweden. Three qualitative patterns are common across countries: (1) the earnings distribution above the median fans out with age, (2) the extreme right tail of the...
Persistent link: https://www.econbiz.de/10012039330
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
In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to changes in income distribution. This effect gives rise to non-linearity of distributional effects, even in basic models. Under certain conditions, an important consequence from the...
Persistent link: https://www.econbiz.de/10012061718
Current discussions about the need to reduce unit labor costs (especially through a significant reduction in nominal wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may not be a panacea. First, historically, there is no...
Persistent link: https://www.econbiz.de/10010281700
disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … labour share fall, while its increase in the 2000s prevented inequality from worsening three times more than it actually did …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early …
Persistent link: https://www.econbiz.de/10010368155
by personal inequality, capital intensity and trade, while the Gini statistic is fueled by the falling labour share and … inequality, although financialisation is the most important factor in absolute terms. In the post-Great Recession years of tense …
Persistent link: https://www.econbiz.de/10011928000
motives, and social concerns relating to inequality and efficiency. Our choice environments feature large groups of subjects … and real world framing, and differ with respect to the source of inequality (earned or arbitrary), the cost of taxation to …
Persistent link: https://www.econbiz.de/10010420263
for those at the bottom of the income scale? Will ARRA reverse the upward trend in inequality that we have seen in the … creation, ARRA is likely to have little impact on overall income inequality, or on the income gaps between relatively …
Persistent link: https://www.econbiz.de/10010266588
The question of whether changes in income inequality affect CO2 emissions remains a topic of debate at both theoretical …
Persistent link: https://www.econbiz.de/10014548217
Economic theory frequently assumes constant factor shares and often treats the topic as secondary. We will show that this is a mistake by deriving the first high-frequency measure of the US labor share for the whole economy. We find that the labor share has held remarkably steady indeed, but...
Persistent link: https://www.econbiz.de/10010513051