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We exploit the changes in the distribution of family income to estimate the effect of parental resources on college education. Our strategy exploits the fact that families at the bottom of the income distribution were much poorer in the 1990s than they were in the 1970s, while the opposite is...
Persistent link: https://www.econbiz.de/10012470752
This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns … increase in inequality is most likely due to an acceleration in skill bias. In contrast to twentieth century developments, most …
Persistent link: https://www.econbiz.de/10012470950
Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … growth in general, but also that differences in economic inequality across the American continent during the 19th century are …
Persistent link: https://www.econbiz.de/10012759965
automating work, fueling inequality, inefficiently pushing down wages, and failing to improve worker productivity; and damaging …
Persistent link: https://www.econbiz.de/10012629467
Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … entrepreneurs (thus greater inequality) increases entrepreneurial effort and hence a country's contribution to the world technology … “cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012825884
We document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country differences cannot be explained by observed human capital. We conjecture that the sources of within-country and...
Persistent link: https://www.econbiz.de/10012463495
Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … growth in general, but also that differences in economic inequality across the American continent during the 19th century are …
Persistent link: https://www.econbiz.de/10012465445
. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient … inefficient state is more likely to arise when there is greater inequality between the rich and the poor, when bureaucratic rents …
Persistent link: https://www.econbiz.de/10012465912
The study of the bias of new technologies is important both as part of the analysis of the nature of technology adoption and the direction of technological change, and to understand the distributional implications of new technologies. In this paper, I analyze the equilibrium bias of technology....
Persistent link: https://www.econbiz.de/10012466826
Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … entrepreneurs (thus greater inequality) increases entrepreneurial effort and hence a country's contribution to the world technology … "cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012460215