Showing 1 - 10 of 48,342
This study investigates the relationship between conspicuous consumption and inequality in the United States by doing text mining in Google searches for luxury and comfort goods. The findings reveal a strong correlation between the pursuit of luxury items and levels of income inequality in...
Persistent link: https://www.econbiz.de/10014255664
Understanding within and between group inequality is fundamental in understanding the evolution of income inequality in any country. Using a century of data for France, and the Theil measure of income inequality, which is decomposable, we show that income inequality within the bottom 90\%...
Persistent link: https://www.econbiz.de/10012847796
We hypothesize that the role of education in driving wage inequality is not the same across three racial groups in the United States. Using the Current Population Survey (CPS) data for the period 2000-2021, we show that education weighs at most 33% in explaining the wage inequality. Further, we...
Persistent link: https://www.econbiz.de/10014261015
We investigate the long-run consequences of historic, climatic temperatures (1730-2000) for the modern cross-country income distribution. Using a newly constructed dataset of climatic temperatures stretching over three centuries (18th, 19th, and 20th), we estimate a robust and significant...
Persistent link: https://www.econbiz.de/10014200862
This paper introduces a new comprehensive panel of annual state-level income inequality measures spanning the postwar period 1945-2004. For many states, the share of income held by the top decile experienced a prolonged period of stability after World War II, followed by a substantial increase...
Persistent link: https://www.econbiz.de/10012770361
Since 1980, there has been a steady increase in earnings inequality alongside rapid technological growth in the U.S. economy. To what extent does technological change explain the observed increase in earnings dispersion? How does it affect the optimal progressivity of the tax system? To answer...
Persistent link: https://www.econbiz.de/10013548732
A new line of theoretical and empirical literature emphasizes the pivotal role of fair institutions for growth. We present a model, a laboratory experiment, and a simple crosscountry regression supporting this view. We model an economy with an unequal distribution of property rights, in which...
Persistent link: https://www.econbiz.de/10013319591
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical judgements of income distributions. The sole parameter ε of this function expresses a society’s aversion to inequality. However, the profession has not committed to the...
Persistent link: https://www.econbiz.de/10012887975
This chapter provides the historical context for the past half-century in Europe focusing specifically on the link between migration and economic development and inequality. The literature review suggests that there are several channels through which migration affects economic inequality between...
Persistent link: https://www.econbiz.de/10012418623
This chapter provides the historical context for the past half-century in Europe focusing specifically on the link between migration and economic development and inequality. The literature review suggests that there are several channels through which migration affects economic inequality between...
Persistent link: https://www.econbiz.de/10012422474