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Achieving low unemployment in an environment of weak growth is a major policy challenge; a more egalitarian distribution of hours worked could be the key to solving it. Whether worksharing actually increases employment, however, has been debated controversially. In this article we present...
Persistent link: https://www.econbiz.de/10011418475
Credit affects individuals' perceptions and experiences of inequality. Having access to credit enables those in lower- and middle-income groups to consume an array of products and services that they otherwise would not be able to afford, thereby taking the edge off discontent. Citizens with...
Persistent link: https://www.econbiz.de/10012937084
This paper presents microeconomic simulation techniques to examine what drives differences in inequality across countries. The simulation decomposes cross-country inequality differences into the importance of individual decisions, such as fertility, mating, labor force participation, and...
Persistent link: https://www.econbiz.de/10014136646
Persistent link: https://www.econbiz.de/10011986121
We study the effects of oil prices on consumption across countries and U.S. states, by exploiting the time-series and … positive effects on consumption in oil-importing economies, while depressing consumption in oil-exporting economies. We also …
Persistent link: https://www.econbiz.de/10012126165
-labelling Strategy -- Chapter 11. ‘Take a Stand’: The Importance of Social Sustainability and Its Effect on Generation Z Consumption of … Encourage Sustainable Luxury Fashion Consumption./. … of which can be linked to the broader theme of SDG12: Responsible Production and Consumption. Thus, the book not only has …
Persistent link: https://www.econbiz.de/10013341719
We revisit the link between poverty, the middle class and institutional outcomes using a newly developed cross-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle class increases (measured as the proportion of people...
Persistent link: https://www.econbiz.de/10009535062
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on survey data that needs not assume that voters are guided by pecuniary motives alone. We find that most democracies implement the median voter's preferred amount of redistribution...
Persistent link: https://www.econbiz.de/10011307797
The increasing wage inequality in many countries is usually seen as brought about by economic forces that drive for economic efficiency within a changing technological and social environment. Ethical evaluations of these developments diverge, yet the view that free labor markets drive to...
Persistent link: https://www.econbiz.de/10008936984
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/10003798541