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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
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/10003328062
Worldwide demographic changes and their implications for governments, corporations, and individuals have been in the focus of public interest for quite some time due to the fiscal risk related to adequate retirement benefits. Through a more detailed analysis of mortality data an additional type...
Persistent link: https://www.econbiz.de/10003861095
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/10003900319
We examine the long-run relationship between fertility, mortality, and income using panel cointegration techniques and the available data for the last century. Our main result is that mortality changes and growth of income per capita account for a major part of the fertility change...
Persistent link: https://www.econbiz.de/10008906860
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/10008841911
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/10003586565
research and policy advisory community. More important than "discovering" entirely new survey areas is "tailoring" ; the …
Persistent link: https://www.econbiz.de/10003963260
costs, exposure to risks, and as they jointly impact on crucial policy decisions. This paper discusses the rationale for …
Persistent link: https://www.econbiz.de/10009579533
This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...
Persistent link: https://www.econbiz.de/10009530744