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An influential explanation for the recent rise in the U.S. current account deficit is the boom in U.S. productivity. As U.S. productivity surged, capital was attracted to the U.S. to take advantage of the higher real returns. Using a two country general equilibrium model, this paper...
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This paper compares the sources of income inequality in Japan and the United States. We exploit two longitudinal … household surveys to decompose the income inequality in both countries. For Japan, we use Keio Household Panel Survey data and … Japan (0.329), corroborating well-established previous findings. In a second step, we decompose the income inequality in …
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