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The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their...
Persistent link: https://www.econbiz.de/10010299490
How inequality is generated and how it reproduces over time? This has been a major concern of social scientists for … the only one. There is an increasing “inequality” throughout the world. Over the period 1960-2000, the richest 5 % of the … education, and there is an intimate connection between nutrition and poverty. The measurement of inequality is a highly …
Persistent link: https://www.econbiz.de/10011318991
After much empirical documentation of patterns of inequality, we address in this paper the need for a convincing … interpretation of the causes of inequality in advanced countries. We set the current debate in the context of the evolution of ideas … on inequality, including the debate on Thomas Piketty's book. We argue that four 'engines of inequality' can be …
Persistent link: https://www.econbiz.de/10011335951
One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing evidence seems to suggest that the ratio of the...
Persistent link: https://www.econbiz.de/10010321661
disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … labour share fall, while its increase in the 2000s prevented inequality from worsening three times more than it actually did …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early …
Persistent link: https://www.econbiz.de/10010368155
Mobile workers involve flows of labor and human capital and contribute to a more efficient allocation of resources. However, migration also changes relative wages, alters the distribution of skills and affects equality in the receiving society. The paper suggests that skilled immigration...
Persistent link: https://www.econbiz.de/10011586006
modest increase in overall inequality of market incomes as measured by the Gini coefficient. However, we also document a … income inequality was stronger in East Germany than in West Germany. In both regions, the income concentration process …
Persistent link: https://www.econbiz.de/10011600697
by personal inequality, capital intensity and trade, while the Gini statistic is fueled by the falling labour share and … inequality, although financialisation is the most important factor in absolute terms. In the post-Great Recession years of tense …
Persistent link: https://www.econbiz.de/10011928000
for those at the bottom of the income scale? Will ARRA reverse the upward trend in inequality that we have seen in the … creation, ARRA is likely to have little impact on overall income inequality, or on the income gaps between relatively …
Persistent link: https://www.econbiz.de/10010266588
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10010272949