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important features of labour market polarization, as they have resulted in faster employment growth in high skill occupations …
Persistent link: https://www.econbiz.de/10010329024
profitable for the rich than the poor, inequality increases. The model is calibrated to illustrate polarization and increasing … emerges. Even if capital markets later improve, the polarization is persistent. The mechanism also has relevance for modern …
Persistent link: https://www.econbiz.de/10010330219
labor market risk, infuences the degree of polarization in the wealth distribution, as poor agents in particular save more …
Persistent link: https://www.econbiz.de/10010330272
We offer an integrated explanation and empirical analysis of the polarization of U.S. employment and wages between 1980 … and 2005, and the concurrent growth of low skill service occupations. We attribute polarization to the interaction between … service occupations (employment polarization), experienced earnings growth at the tails of the distribution (wage polarization …
Persistent link: https://www.econbiz.de/10011079230
Lobbyists choose what to lobby for. If they can precommit to certain policy proposals, their choice will have an influence on the behavior of opposing lobbyists. Hence lobbyists have an incentive to moderate their policy proposals in order to reduce the intensity of the lobbying contest. This...
Persistent link: https://www.econbiz.de/10010306980
the degree of fractionalization and polarization across ethnic, linguistic, and religious groups in the national …
Persistent link: https://www.econbiz.de/10011271635
This work analyzes the impact of asymmetric financial constraints on the platforms of parties using a formal model of elections. Main results show that when a party faces a tight financial constraint the platform chosen in equilibrium is further away from its ideal point compared to the case...
Persistent link: https://www.econbiz.de/10011276368
We present a modified citizen-candidate model where the implemented policy arises from a compromise between the government and an unelected external power. We show that the two-candidate equilibria of this model differ significantly from the original: however small the cost of candidacy, the...
Persistent link: https://www.econbiz.de/10011265722
distribution over the last three decades. Using Current Population Survey (CPS) data, we first show that the 1990s polarization of …
Persistent link: https://www.econbiz.de/10010278329
distribution to decline. Changes in the industry composition alone would have led to a polarization of wages for female workers …
Persistent link: https://www.econbiz.de/10010278444