We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive taxation in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...

Abstract This paper uses US state panel data to explore the relationship between the share of income received by affluent households and the level of income and earnings received by low and middle-income families. A rising top share of income can potentially lead to increases in the incomes of...

Abstract Using a representative longitudinal survey of U.S. households, we find that household income became noticeably more volatile between the early 1970s and the late 2000s despite the moderation seen in aggregate economic activity during this period. We estimate that the standard deviation...

Abstract This paper investigates whether the pursuit of redistributional objectives may provide a rationale for origin-based taxation in small open economies. The analysis is developed in a simple two-class economy where consumers are classified according to the type of labour they supply. As...

Zusammenfassung Prominente Mikrodatenbasis für die Analyse von Einkommen und ihrer Verteilung ist die Einkommens- und Verbrauchsstichprobe (EVS). Allerdings sind hohe Einkommen über der „Abschneidegrenze" von 35 000 DM Haushaltsnettoeinkommen pro Monat nicht vorhanden. In dieser Studie wird...

Summary We empirically investigate whether the significance of intragenerational redistribution in the public pillar of pension systems in 20 OECD countries has changed systematically since the 1980s and whether international convergence of the degree of intragenerational redistribution can be...

Abstract Digital technologies like the Internet can affect income inequality through increased demand for employment in manual and abstract jobs and reduced demand for employment in routine jobs. In this paper, we combine city-level income distribution and jobs data with broadband data from...

Purpose The purpose of this paper is to contribute to the literature on demand-driven Keynesian growth in open economies by developing a formal model that combines Dixon and Thirlwall’s (1975) export-led growth model and Thirlwall’s (1979) balance-of-payments constrained growth model into a...

Purpose The purpose of this paper is to explore the effect of globalization and credit market imperfections on child labour. Design/methodology/approach Analysis is based on cross-country regression framework, incorporating 129 developing countries for the period 1970-2010. Findings The findings...

Purpose The purpose of this paper is to investigate the income inequality dynamics in each of the 50 states of USA over the period 1981-2011. Design/methodology/approach The paper estimates an augmented Kuznets curve panel Vector AutoRegression in per capita income, economic freedom, educational...