This paper addresses the issue on whether tax reforms consistent with lower public debt-to-GDP in the long-run can lead to a more efficient and equitable economy. To this end we solve a heterogeneous agent model comprised of a government, a representative capitalist and representative skilled...

This paper introduces technological progress into an efficiency wage model, and argues that changes in the rate of technical change affect not only the demand for but also the effective supply of labour. This creates a new mechanism through which technological progress impacts on the wage of...

The persistence of gendered pay inequality some 30 years after its formal prohibition raises questions over the mechanisms sustaining it. Recent contributions highlight the role of low skills visibility and valuation in maintaining pay inequality in predominantly female occupations. We examine...

This paper investigates the extent of disparities amongst the provinces of China since the economic reform in 1978 up to the most recent year for which data is available. After a brief review of theoretical and in particular recent empirical literature on regional inequality in China it...

The persistence of gendered pay inequality some 30 years after its formal prohibition raises questions over the mechanisms sustaining it. Recent contributions highlight the role of low skills visibility and valuation in maintaining pay inequality in predominantly female occupations. We examine...