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This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in … these shocks and countryspecific institutions are responsible for the diverging inequality patterns. The paper suggests a … to be responsible for the divergent developments in inequality. …
Persistent link: https://www.econbiz.de/10011402346
This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in … these shocks and country-specific institutions are responsible for the diverging inequality patterns. The paper suggests a … to be responsible for the divergent developments in inequality …
Persistent link: https://www.econbiz.de/10013320926
This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in … these shocks and countryspecific institutions are responsible for the diverging inequality patterns. The paper suggests a … to be responsible for the divergent developments in inequality. …
Persistent link: https://www.econbiz.de/10001605213
Persistent link: https://www.econbiz.de/10011614373
-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10011325967
level of economic inequality, the institutional strength and law enforcement capacity of the state, and whether there are …
Persistent link: https://www.econbiz.de/10012800583
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003914097
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003925275
In this work, we investigate the interrelations among technology, output and employment in the different states of the U.S. economy (recessions vs. expansions). More precisely, we estimate different threshold vector autoregression (TVAR) models with TFP, hours, and GDP, employing the latter as...
Persistent link: https://www.econbiz.de/10011483831