"Relying on economic theory where necessary, this book emphasizes translating that theory into practical applications that will help students appreciate the clear importance of understanding how countries, businesses, workers, and governments interact with each other. It offers in-depth...

Subjective well-being, China, frustrated achievers, trust, anomie. - Happiness in China plummeted between 1990 and 2000 despite rapid economic growth. This finding contradicts the notion that income growth leads to gains in happiness. In sociology, people might mentally benefit from social trust...

Further training, labor market, stratification, social inequality, life course. - Further training is understood as any professionally-oriented course or formalized work-related learning activity; it takes place after leaving formal education and entering the labor market. A large body of...

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is...

This paper investigates the impact of heterogeneous wealth on credit allocation from an egalitarian opportunity and an efficiency point of view. Under asymmetric information on both wealth and the responsibility variable there is no trade-off between equality and efficiency, actually wealth...

This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries, virtual countries and ethnic groups, exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically larger along the pre-Islamic trade...

Spatial income inequality in cities is assessed by looking at the distribution of income across individuals and their neighbors. Two new Gini-type spatial inequality indices are introduced: the first index measures the average degree of income inequality within individual neighborhoods; the...