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Most treatments of the Great Depression have focused on its onset and its aftermath. In contrast, we take a unified view of the interwar period. We look at the slide into and the emergence from the 1920-21 recession and the roaring 1920s boom, as well as the slide into the Great Depression after...
Persistent link: https://www.econbiz.de/10005861193
While the allocative efficiency of mobility is typically considered to be positive but small in the long run, the induced changes in equality may be considerable in size. In practice, however, migrants typically improve their income position in comparison to those at home, stimulate the economic...
Persistent link: https://www.econbiz.de/10005860064
We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...
Persistent link: https://www.econbiz.de/10008911474
public good is pure, any given, positive level of income inequality can beshown to be socially excessive by suitably … redistribution from the rich tothe poor will improve social welfare, regardless of how small inequality is in the status quo... …
Persistent link: https://www.econbiz.de/10005868577
in overall inequality of market incomes as measured by the Gini coefficient... …
Persistent link: https://www.econbiz.de/10005863117
Was the increase in income inequality in the US due to permanent shocks or merely to anincrease in the variance of … lifecyclechanges, transitory and permanent shocks and estimate the contribution of each tototal inequality... …
Persistent link: https://www.econbiz.de/10005861079
Specific functional forms are often used in economic models of distributions;goodness-of-fit measures are used to assess whether a functional form is appropriatein the light of real-world data. Standard approaches use a distance criterion based onthe EDF, an aggregation of differences in...
Persistent link: https://www.econbiz.de/10005871007
That Britain became more unequal in the last quarter century is well known; the scale of change, less so.At the end of the 1970s, the richest tenth received 21 per cent of total disposable income. This rose to 28-29per cent by 2002-03, as much as the whole of the bottom half. More than half of...
Persistent link: https://www.econbiz.de/10008766020
This paper examines changes in earnings inequality and mobility between 1978/9 and 2005/6 using a unique dataset that … significant increases in annual earnings inequality for both male and female employees. On most measures this is greater for men …. When wider inequality is measured including periods of no earnings, inequality for men increases and for women it falls as …
Persistent link: https://www.econbiz.de/10009305133
socialpolicies are described and the effects on poverty and inequality are examined.The limitations of a social policy that is …
Persistent link: https://www.econbiz.de/10009354041