Showing 1 - 10 of 393
world-wide rates of return, international capital flows and the distribution of wealth and welfare in the OECD. We find that …
Persistent link: https://www.econbiz.de/10010298332
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...
Persistent link: https://www.econbiz.de/10010324272
This Paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand–supply framework of analysis and what is left unexplained....
Persistent link: https://www.econbiz.de/10010332733
The recent debate on trends in inequality in industrial countries has been marred by the lack of consensus about the relevant concept of inequality. Labour economists are concerned with inequality in earnings, macroeconomists with movements in the wage share, while policy-makers tend to focus on...
Persistent link: https://www.econbiz.de/10010335535
functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and … disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … noughties. In the Great Recession years of tense socioeconomic conditions, looking at income distribution through the lens of …
Persistent link: https://www.econbiz.de/10010368155
While the allocative efficiency of mobility is typically considered to be positive but small in the long run, the induced changes in equality may be considerable in size. In practice, however, migrants typically improve their income position in comparison to those at home, stimulate the economic...
Persistent link: https://www.econbiz.de/10010268747
Many empirical studies on the determinants of international migration flows rely exclusively on macro data, and do not account for migrants' self-selection. We analyze a very interesting episode in international migration for which we are able to gather individual-level data covering all...
Persistent link: https://www.econbiz.de/10010269810
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....
Persistent link: https://www.econbiz.de/10010272949
I discuss reasons why manufacturing productivity statistics should be interpreted with caution in light of the recent growth of domestic and foreign outsourcing and offshoring. First, outsourcing and offshoring are poorly measured in U.S. statistics, and poor measurement may impart a significant...
Persistent link: https://www.econbiz.de/10010288036
We review research on the impact of immigration on income distribution. We discuss routes through which immigration can … affect income distribution in the host and source countries, including compositional effects and effects on native incomes … recent increases in immigration to OECD countries and on the distribution of native and immigrant educational attainment. We …
Persistent link: https://www.econbiz.de/10010289964