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This paper evaluates structural change, inequality dynamics, and industrial policy in South Africa between 1960 and the … present day. We find that South Africa experienced growth-enhancing structural transformation until the early 1970s, before … entering a period of premature deindustrialization. Today, the services sector has become the primary driver of growth and …
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This study investigates the effect of real exchange rate volatility on the distribution of income between labour and capital in South Africa. Both symmetric and asymmetric effects are considered. Using quarterly data for 1985:1-2018:3 and local linear projection, we find that the immediate...
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Earnings growth in South Africa displayed a U-shaped pattern across the earnings percentiles between 2000 and 2015 … Occupational Information Network to explore the relevance of these four frameworks for explaining earnings inequality between 2000 … and 2015. Labour market institutions are crucial to the U-shape. Wage growth at the bottom end has mainly been shored up …
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We employ a micro-founded and stock-and-flow-consistent model to study the impact of a higher leverage ratio on the South African economy. The model provides a rich representation of institutional balance sheets. The relationship between bank capital, risk-taking behaviour, lending spreads, and...
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