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Persistent link: https://www.econbiz.de/10000997733
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are assigned to capital. Interior...
Persistent link: https://www.econbiz.de/10014496402
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012182809
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
The empirical literature on the impact of unions on wages has stressed two major conclusions. Firstly, unionised workers earn a wage premium when compared to comparable nonunionised workers. Secondly, the dispersion of wages within the union sector is lower than in the nonunion sector. We...
Persistent link: https://www.econbiz.de/10011529516
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The techniques of simple random sampling are seldom appropriate in the empirical analysis of income distributions. Various types of weighting schemes are usually required either from the point of view of welfare-economic considerations (the mapping of household/family distributions into...
Persistent link: https://www.econbiz.de/10011433685
Index of refraction is found to be a good measure of economic inequality within the Lorenz curve framework. It has … of wealth or income in different strata. In line with this analogy, first I compute refractive index for each stratum …. While an index value of less than 1.00 represents an ‘anomalous refraction' in optics, such a condition of inequality …
Persistent link: https://www.econbiz.de/10011525674
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discrepancy between absolute and relative measures. It shows that the difference between an absolute and a relative Theil index of … ; Theil index …
Persistent link: https://www.econbiz.de/10008699611