Showing 1 - 10 of 5,923
This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...
Persistent link: https://www.econbiz.de/10010428828
"blunt instrument" for redistribution. To do so we build a model in which workers are heterogeneous in ability, and the … government engages in redistribution through the public provision of private goods. We show that the MW institution is … politically viable only when there is a limited degree of in-kind redistribution. To examine the empirical relevance of our …
Persistent link: https://www.econbiz.de/10012229263
This paper explores common trends in inequality and redistribution across OECD countries from the late 1980s to 2013 …. Most countries retreated from redistribution from the mid‐1990s until the onset of the Great Recession and compensatory … redistribution in response to rising unemployment was weaker in 2008‐13 than in the first half of the 1990s. As unemployment and …
Persistent link: https://www.econbiz.de/10011585191
of individual earnings, inequality of market household incomes, redistribution, and other factors influence the …, Norway, Sweden, France, Germany, Italy, the Netherlands, Australia, Canada, the United Kingdom, and the United States - since …
Persistent link: https://www.econbiz.de/10003746650
Persistent link: https://www.econbiz.de/10001624113
Persistent link: https://www.econbiz.de/10001525894
Persistent link: https://www.econbiz.de/10001528378
Persistent link: https://www.econbiz.de/10001407037
We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...
Persistent link: https://www.econbiz.de/10010234542
Persistent link: https://www.econbiz.de/10013263275