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Rich democracies have experienced a large increase in income inequality starting around 1980, coinciding with a rise in international trade and information technology. The leading theories used to explain changes in the income distribution — skill-biased technological change and globalization...
Persistent link: https://www.econbiz.de/10012860917
This policy note offers motivation as well as game plan how to achieve a coherent and mutually beneficial labor …
Persistent link: https://www.econbiz.de/10010331392
This article analyzes income redistribution in the inter-ethnic context. The model shows that redistribution in favor of less prosperous ethnic minorities raises fertility among the unskilled minority recipients, lowers fertility among the contributing local skilled, slows human capital...
Persistent link: https://www.econbiz.de/10010336073
This study critically reviews quantitative methods that have been employed and evidence that has been gathered to assess the benefits of marriage and consequences of other family structures. The study begins by describing theoretical models of the determinants of different well-being outcomes...
Persistent link: https://www.econbiz.de/10010261768
Most labor scarce overseas countries moved decisively to restrict their immigration during the first third of the 20th century. This autarchic retreat from unrestricted and even publiclysubsidized immigration in the first global century before World War I to the quotas and bans introduced...
Persistent link: https://www.econbiz.de/10010262050
In a model on population and endogenous technological change, Kremer combines a short-run Malthusian scenario where income determines the population that can be sustained, with the Boserupian insight that greater population spurs technological change and can therefore lift a country out of its...
Persistent link: https://www.econbiz.de/10010263503
The Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...
Persistent link: https://www.econbiz.de/10010264434
opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost … two centuries? This paper seeks answers to this dual policy paradox by exploring the fundamentals which have influenced … the evolution of policy: the decline in the costs of migration and its impact on immigrant selectivity, a secular switch …
Persistent link: https://www.econbiz.de/10010267932
In 1958 Jacob Mincer pioneered an important approach to understand how earnings are distributed across the population. In the years since Mincer's seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array...
Persistent link: https://www.econbiz.de/10010268458
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10010271339