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This paper analyzes the impact of the Austrian Regional Extended Benefit Program (REBP) on the labor market outcomes for elderly workers in Austria. The REBP extended entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 weeks for elderly individuals in certain regions....
Persistent link: https://www.econbiz.de/10010315264
This paper analyzes the impact of the Austrian Regional Extended Benefit Program (REBP) on the labor market outcomes for elderly workers in Austria. The REBP extended entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 weeks for elderly individuals in certain regions....
Persistent link: https://www.econbiz.de/10010262803
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …
Persistent link: https://www.econbiz.de/10010270070
When it comes to the inequality-growth relationship, the empirical literature offers contradictory assessments … of inequality while the level-based estimators also incorporate the negative consequences - which require more time to … materialize. Thus, the latter estimates come close to reflect the adverse overall impact of inequality in the long run. …
Persistent link: https://www.econbiz.de/10010273639
This paper studies the impact of income inequality on the level of innovative activities in a model where innovations …
Persistent link: https://www.econbiz.de/10010291067
Inequality affects economic performance through many mechanisms, both beneficial and harmful. Moreover, some of these … how changes in inequality affect economic growth over different time horizons; (ii) empirically investigates the … inequality–growth relationship, thereby relying on specifications derived from the theory. Our empirical findings are in line …
Persistent link: https://www.econbiz.de/10010987830
more narrow range of low-quality mass products. In this framework, inequality affects the composition of R&D through price … and market size effects. The inequality–growth relationship depends on how mass production affects productivity; and on … the particular dimension of inequality (income gaps versus income concentration). Our model is sufficiently tractable to …
Persistent link: https://www.econbiz.de/10011043027
This paper studies the impact of income inequality on the level of innovative activity in a model where innovations …
Persistent link: https://www.econbiz.de/10005656323
We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …
Persistent link: https://www.econbiz.de/10005656426
This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed … that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate …. Whether more inequality is harmful or beneficial for growth depends on the initial distribution. Complementarities between a …
Persistent link: https://www.econbiz.de/10005667010