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We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012322424
We analyze how intergenerational mobility and inequality would change relative to the status quo if dynasties had …
Persistent link: https://www.econbiz.de/10013177714
rates, intergenerational mobility of education, and long-run earnings inequality in eight countries Sub-Saharan Africa. On …. disadvantaged children, earnings inequality could increase between one and four Gini points, depending on the assumptions. …
Persistent link: https://www.econbiz.de/10013284381
We study the contribution of parental similarity in schooling levels to the intergenerational transmission of educational attainment. We develop an empirical model for educational correlations within the family in which parental sorting can translate into intergenerational transmission, or...
Persistent link: https://www.econbiz.de/10012609097
tend to receive care of higher measured quality and higher cost. Inequality is evident at home as well: measures of …-income households, reduces inequality in care provided, but it is mainly limited to older children and to the lowest income households …
Persistent link: https://www.econbiz.de/10012658322
So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
Persistent link: https://www.econbiz.de/10012745132
inequality. In this sense, this work presents empirical evidence for the existence of the “Great Gatsby curve” within a single …. Finally, the paper investigates one specific mechanism behind this correlation: whether higher income inequality might lead to … of income inequality. …
Persistent link: https://www.econbiz.de/10013382256
In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by Sabelhaus and Volz (2020). Including this important asset,...
Persistent link: https://www.econbiz.de/10014304774
Strategic incentives may lead to inefficient and unequal provision of public services. A prominent example is school admissions. Existing research shows that applicants "play the system" by submitting school rankings strategically. We investigate whether applicants also play the system by...
Persistent link: https://www.econbiz.de/10014377100
This study reexamines the relationship between economic growth and inequality, challenging the conventional view that … regards inequality solely as an impediment to development. While recognizing the essential role of economic growth in … growth. We explore how inequality interplays with pressing global challenges like climate change and pandemics, areas that …
Persistent link: https://www.econbiz.de/10014438991