Despite an improvement in overall macroeconomic performance in Costa Rica, income inequality has risen and is currently at its maximum historical value. This is in stark contrast with other Latin American countries, which have recently made significant progress in reducing inequality. This study...

In this paper, we propose a new comprehensive framework for analysing wage discrimination. This framework assesses wage discrimination on the grounds of conditional wage distributions (rather than just conditional means), regards the whole population (rather than just those in work) and employs...

In this paper, we propose a new comprehensive framework for analysing wage discrimination. This framework assesses wage discrimination on the grounds of conditional wage distributions (rather than just conditional means), regards the whole population (rather than just those in work) and employs...

This paper proposes a new model of wage determination and wage inequality. In this model, wage-setters set workers' wages; they do so either directly, as when individuals vote in a salary committee, or indirectly, as when political parties, via the myriad of social, economic, fiscal, and other...

Finance is a vital ingredient for economic growth, but there can also be too much of it. This study investigates what fifty years of data for OECD countries have to say about the role of the financial sector for economic growth and income inequality and draws policy implications. Over the past...