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The effects of inequality on economic growth depend on several factors. On one hand, they depend on the time horizon … considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are … activity. Moreover, it seems relevant to consider not only the levels of inequality and agglomeration, but also their change …
Persistent link: https://www.econbiz.de/10011515023
What is the relationship between inequality and growth? This question has occupied and fascinated social scientists for … interplay between inequality and economic growth. Inequality might come in many forms: (top) incomes, wages, wealth, land, or … potential for growth to 'take off'. We consider causality running from inequality to growth; hence, the Kuznets hypothesis is …
Persistent link: https://www.econbiz.de/10012816433
change ; urbanization …
Persistent link: https://www.econbiz.de/10009375255
, and time periods, separate metaregressions are estimated; one using estimates with the unemployment rate as the dependent … unemployment and economic growth, researchers should bear in mind that there are a number of methodological choices that have …
Persistent link: https://www.econbiz.de/10013164466
security services in the fight against jihadist terrorism, help to reduce youth unemployment, and help to reduce economic …
Persistent link: https://www.econbiz.de/10012964092
We can enhance development by making it easier for people to “vote with their feet” between jurisdictions. Few, if any, policy reforms can achieve such enormous increases in economic growth and opportunity. Foot voting is, in several crucial respects, a better mechanism of political...
Persistent link: https://www.econbiz.de/10012899463
Persistent link: https://www.econbiz.de/10013349411
bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …
Persistent link: https://www.econbiz.de/10011391687
Employment protection (EPL) has a well known negative impact on labor flows as well as an ambiguous but often negative effect on employment. In contrast, its impact on capital accumulation and capital-labor ratio is less well understood. The available empirical evidence suggests a non-monotonic...
Persistent link: https://www.econbiz.de/10010387699
real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers' federations are not able to …
Persistent link: https://www.econbiz.de/10011405183