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This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …-led growth model. Between Chinese households, we find that the most important factors explaining income inequality are location …
Persistent link: https://www.econbiz.de/10010790266
We assess the consequences of substantially increasing the marginal tax rate on U.S. top earners using a human capital model. The top of the model Laffer curve occurs at a 53 percent top tax rate. Tax revenues and the tax rate at the top of the Laffer curve are smaller compared to an otherwise...
Persistent link: https://www.econbiz.de/10010798468
Families, labor markets, and public policies all structure a child’s opportunities and determine the extent to which adult earnings are related to family background. Cross-country comparisons and the underlying trends suggest that these drivers will most likely lower the degree of...
Persistent link: https://www.econbiz.de/10010695861
between these two objectives. This volume shows how reforms can address the urgent issue of inequality without undermining …
Persistent link: https://www.econbiz.de/10010772360
inequality are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases … by 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …
Persistent link: https://www.econbiz.de/10010736743
types of workers, low- and high-skilled. This heterogeneity allows an endogenous analysis of inequality generated by child … between child labour and inequality. The basic intuition behind this result arises from the interdependence between child …
Persistent link: https://www.econbiz.de/10010857808
Using confidential microdata from the Characteristics of Business Owners, we examine why African-American owned businesses lag substantially behind white-owned businesses in sales, profits, employment, and survival.  Black business owners are much less likely than white owners to have had a...
Persistent link: https://www.econbiz.de/10010843022
This study investigates the causal relationship between human capital inequality and income inequality in case of … capital inequality and income inequality. The results indicate that there is positive relationship between the two types of … inequalities in the long run. The estimates of causality test indicate that income inequality causes the human capital inequality …
Persistent link: https://www.econbiz.de/10010843929
contribute to a reduction of inequality. Additional re nements to the models might still prove worthwhile particularly regarding … the representation of demographic behaviour. Only some account for intra-generational inequality, even though this is …
Persistent link: https://www.econbiz.de/10010708232
Survey to examine how spending changed from the early 1970s to the late 2000s, focusing particularly on inequality in … parental investment in children. Parental spending increased, as did inequality of investment. We also investigate shifts in …
Persistent link: https://www.econbiz.de/10010993332