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extent of income inequality and the fraction of the labor force that is constituted by guard labor. We close with some …
Persistent link: https://www.econbiz.de/10011527337
In this paper, we consider whether or not inequality forces society to expend more resources on supervision which … imposes an extra cost to doing business. Some argue that since inequality deteriorates social capital, there is a greater need … the link between inequality and guard labor. …
Persistent link: https://www.econbiz.de/10011618757
Persistent link: https://www.econbiz.de/10011566166
There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if they were purely self-interested. We qualify this view....
Persistent link: https://www.econbiz.de/10003935667
There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if they were purely self-interested. We qualify this view....
Persistent link: https://www.econbiz.de/10003951883
Persistent link: https://www.econbiz.de/10003324583
We study spatial changes in labour market inequality for US states and MSAs using Census and American Community Survey … spatial inequality. Because relative supply of college versus high school educated workers has risen faster at the spatial … level in places with higher initial supply levels, we also report a strong persistence and increased inequality of spatial …
Persistent link: https://www.econbiz.de/10013076155
In this paper I investigate the causal relationship between labor market polarization and intergenerational mobility, two of the most important features of advanced labor markets in recent decades. The former relates to the disappearance of middle-wage routine jobs and the rise of both high- and...
Persistent link: https://www.econbiz.de/10013326554
I study whether human capital investments are based on local rather than national demand, and whether this is explained by migration or information frictions. I analyze three sector-specific shocks with differential local effects, including the dot-com crash, the 2008 financial crisis, and a...
Persistent link: https://www.econbiz.de/10011621483
We build a dynamic model of migration where, in addition to classical mobility costs, workers face informational frictions that decrease their ability to compete for distant job opportunities. We structurally estimate the model on a matched employer-employee panel dataset describing labor market...
Persistent link: https://www.econbiz.de/10011617382