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This paper argues that a number of ``unorthodox" analyses of capitalism can be understood from the point of view of orthodox economic theory. Our argument is based on the assumptions of monopolistic competition and that utility derived from consuming an individual good is bounded. The model's...
Persistent link: https://www.econbiz.de/10005579262
. Data for the wages from 9 different sectors which includes Mining and Quarrying, Manufacturing, Electric Gas and Water … compare the wages of the outlined sectors with the wage structure of agriculture sector. The Split technique for means has … been deployed to interrogate the data and the propositions of this research. It is revealed in this paper that wages of all …
Persistent link: https://www.econbiz.de/10011111564
This paper examines how spatial price differentials affect income distribution in Italy. The distribution of household … housing price variations are included in the PPP index. Poor households living in Southern Italy alleviate their relative …
Persistent link: https://www.econbiz.de/10008502854
103 provinces in Italy affect the level of inequality. Using panel estimation and data over the period 2006-2010, we find … matter for the level of inequality? We focus on how different dimensions of banking development and other characteristics of … that local banking development has a significant negative effect on the Gini coefficient and other measures of inequality …
Persistent link: https://www.econbiz.de/10010800899
Shows that since the late 1970s wage distribution is shifting downhill and becoming more skewed, with a proliferation of low-income employment.
Persistent link: https://www.econbiz.de/10010967143
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...
Persistent link: https://www.econbiz.de/10005264106
of income distributions also suggest that inequality has increased in most industrialized countries, this development was … and technological change may not be major drivers of inequality. …
Persistent link: https://www.econbiz.de/10005769241
implications of, rising wage inequality in Hong Kong SAR. Section VII presents an overview of recent developments in the financial …
Persistent link: https://www.econbiz.de/10005590857
before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall …
Persistent link: https://www.econbiz.de/10005605004
use of minimum wage to protect vulnerable groups of low income workers, to determine ' fair' wages, to set a basic floor …
Persistent link: https://www.econbiz.de/10010690144