Showing 1 - 10 of 4,799
In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality …, similar to Forbes we find a significant positive association between inequality and subsequent economic growth in the full … relationship between inequality and growth emerges due to the particular timing of inequality and growth dynamics in transition …
Persistent link: https://www.econbiz.de/10011536734
income inequality and the current account deficit and a consolidation of the government budget lead to a decrease in the …. Sustainable growth requires a decrease in income inequality, an improvement in the external position, and a relaxation of the …
Persistent link: https://www.econbiz.de/10011545304
We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population growth, which is consistent with the available...
Persistent link: https://www.econbiz.de/10011555352
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children such that inequality is driven by … partially crowds out bequests and thereby reduces income inequality and inheritance flows in the short run. The better educated …
Persistent link: https://www.econbiz.de/10011555353
This paper investigates physiological responses to perceptions of unfair pay. We use an integrated approach exploiting complementarities between controlled lab and representative panel data. In a simple principal-agent experiment agents produce revenue by working on a tedious task. Principals...
Persistent link: https://www.econbiz.de/10011558641
Mexican wage inequality rose following Mexico's accession to the General Agreement on Tariffs and Trade/World Trade … Organization in 1986. Since the mid-1990s, however, wage inequality has been falling. Since most trade models suggest that output … prices can affect factor prices, this paper explores the relationship between output prices and wage inequality. The rise of …
Persistent link: https://www.econbiz.de/10011559584
Recent advances have led to the discovery of specific genetic variants that predict educational attainment. We study how these variants, summarized as a genetic score variable, are associated with human capital accumulation and labor market outcomes in the Health and Retirement Study (HRS). We...
Persistent link: https://www.econbiz.de/10011559628
The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out …
Persistent link: https://www.econbiz.de/10011564733
I propose a method to decompose changes in income inequality into the contributions of policy changes, wage rate … apply this method to decompose the increase in income inequality in Germany from 2002 to 2011, a period that saw tax … inequality reducing effect as measured by the Mean Log Deviation and the Gini coefficient. For the Gini, these effects are offset …
Persistent link: https://www.econbiz.de/10011569309
financialisation on the worker-consumer nexus are selected and tested: 1) the social inequality thesis, 2) the debt-income compensation …
Persistent link: https://www.econbiz.de/10011572680