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This paper models the welfare consequences of social fragmentation arising from technological advance. We start from … social welfare from material prosperity. Once the share of status goods in total production exceeds a crucial threshold …, technological advance is shown to be welfare-reducing. …
Persistent link: https://www.econbiz.de/10012418627
This paper models the welfare consequences of social fragmentation arising from technological advance. We start from … social welfare from material prosperity. Once the share of status goods in total production exceeds a crucial threshold …, technological advance is shown to be welfare-reducing. …
Persistent link: https://www.econbiz.de/10012422737
This paper models the welfare consequences of social fragmentation arising from technological advance. We start from … social welfare from material prosperity. Once the share of status goods in total production exceeds a crucial threshold …, technological advance is shown to be welfare-reducing …
Persistent link: https://www.econbiz.de/10013250768
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....
Persistent link: https://www.econbiz.de/10010272949
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....
Persistent link: https://www.econbiz.de/10011294713
developments have important welfare implications. …
Persistent link: https://www.econbiz.de/10011434452
developments have important welfare implications. …
Persistent link: https://www.econbiz.de/10011414252
developments have important welfare implications. …
Persistent link: https://www.econbiz.de/10011452091
Persistent link: https://www.econbiz.de/10011445335
developments have important welfare implications …
Persistent link: https://www.econbiz.de/10012996263