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This paper analyzes the evolution of tax progressivity in Sweden from both annual and lifetime perspectives. Using a rich micro panel with administrative records of incomes, taxes and benefits over the period 1968 - 2009, we calculate tax rates across the income distribution accounting for...
Persistent link: https://www.econbiz.de/10010321455
Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...
Persistent link: https://www.econbiz.de/10010352192
among younger workers. To shed some light on the role of wages behind the findings for earnings, wage dynamics is also …
Persistent link: https://www.econbiz.de/10010321750
this persistence is somewhat lower than for the developed countries. Furthermore, prices and nominal wages are found to be … use of theoretical models with staggered prices and wages for the modelling of developing country business cycles. …
Persistent link: https://www.econbiz.de/10010280739
Labor force outcomes after an involuntary job loss tend to differ systematically between men and women, with women experiencing a lower probability of finding another job, a longer average duration of nonemployment, and larger losses in hours given reemployment. This study examines the role of...
Persistent link: https://www.econbiz.de/10010397373
areas have had no effect on the relative wages of very low-skill (high school dropouts). Rather, Mexican workers do affect … relative wages for high school graduates. Whereas Card and Lewis' study uses variations across geographies, this paper … relationship between the composition of Mexican immigrants across occupations/industries and average wages in the occupations …
Persistent link: https://www.econbiz.de/10010292094
This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady-state properties and the transitory dynamics of integrated economies. Income...
Persistent link: https://www.econbiz.de/10010294524
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...
Persistent link: https://www.econbiz.de/10010368155
Conventional wisdom about the relationship between income distribution and economic development has been subjected to dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial for economic development, the Neoclassical...
Persistent link: https://www.econbiz.de/10010284077
We develop a dynamic general equilibrium model where workers can engage in search while on the job. We show that on-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts fluctuations of unemployment, vacancies, and labor...
Persistent link: https://www.econbiz.de/10010293492