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Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 2012
the wage-productivity gap could enlighten economic policy. …
Persistent link: https://www.econbiz.de/10010368155
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The wage-productivity gap revisited: Is the labour share neutral to employment?
Karanassou, Marika; Sala, Hector - 2010
with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers. …
Persistent link: https://www.econbiz.de/10010280741
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Structural development accounting
Gancia, Gino; Müller, Andreas; Zilibotti, Fabrizio - 2011
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10010316866
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Output collapses and productivity destruction
Blyde, Juan S.; Daude, Christian; Fernández-Arias, Eduardo - 2009
below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …
Persistent link: https://www.econbiz.de/10010278252
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Inter-ethnic redistribution and human investments
Azarnert, Leonid V. - 2009
This article analyzes income redistribution in the inter-ethnic context. The model shows that redistribution in favor of less prosperous ethnic minorities raises fertility among the unskilled minority recipients, lowers fertility among the contributing local skilled, slows human capital...
Persistent link: https://www.econbiz.de/10010336073
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Post-1500 population flows and the long run determinants of economic growth and inequality
Putterman, Louis; Weil, David N. - 2008
We construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality...
Persistent link: https://www.econbiz.de/10010284078
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Inequality and employment sensitivities to the falling labour share
Karanassou, Marika; Sala, Hector - 2011
This paper aims at identifying the labour share (wage-productivity gap) as a major factor in the evolution of … sample, the evolution of the wage-productivity gap deserves the attention of policy makers. …
Persistent link: https://www.econbiz.de/10010286279
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Secular stagnation and income distribution dynamics
Kiefer, David M.; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2019
This paper contributes to the literature on secular stagnation by estimating a measure of potential output growth for the post-war US economy derived from a novel model specification that allows for the cyclical interactions between income distribution, represented by the trajectory of the labor...
Persistent link: https://www.econbiz.de/10013269241
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Import Prices, Income and Inequality
Bekkers, Eddy; Francois, Joseph; Manchin, Miriam - 2012
We compare three theoretical explanations for the positive empirical relationship between importer income per capita and traded goods prices. A first explanation is that consumers with higher incomes demand higher quality goods with higher prices. A second explanation is that wealthier people...
Persistent link: https://www.econbiz.de/10010294874
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Reorienting fiscal policy: A critical assessment of fiscal fine-tuning
Tcherneva, Pavlina R. - 2013
The present paper offers a fundamental critique of fiscal policy as it is understood in theory and exercised in practice. Two specific demand-side stabilization methods are examined here: conventional pump priming and the new designation of fiscal policy effectiveness found in the New Consensus...
Persistent link: https://www.econbiz.de/10010513074