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This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … model of the accidental bequest with endogenous fertility, we analyze the effects of a decrease in the old-age mortality … rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and …
Persistent link: https://www.econbiz.de/10010928630
This paper investigates the relationship between growth and inequality from a demographicpoint of view. In an extended … model of the accidental bequest with endogenous fertility, weanalyze the effects of a decrease in the old-age mortality rate … on the equilibrium growth rateas well as on the income distribution. We show that the relationship between growth …
Persistent link: https://www.econbiz.de/10005670761
Abstract This paper investigates the relationship between growth and inequality froma demographic point of view. In an … extended model of the accidental bequest withendogenous fertility, we analyze the effects of a decrease in old-age mortality … rate onthe equilibrium growth rate as well as on the income distribution. We show that therelationship between growth and …
Persistent link: https://www.econbiz.de/10005510524
One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three … decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing … growth which is common to all developed countries and which can explain the greatest part of education cost ratio increase in …
Persistent link: https://www.econbiz.de/10010321661
Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio …-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are …-2011), we identify the causal effect of intergenerational mobility on household expenditure’s future growth. We find that …
Persistent link: https://www.econbiz.de/10011962601
growth. The analysis demonstrates that the interplay between technological progress and two components that determine … growth. In periods of major technological inventions the ability effect is the dominating factor. The decline in the relative … importance of initial parental conditions (i.e. the driving force behind the persistence of inequality) enhances mobility and …
Persistent link: https://www.econbiz.de/10005124238
, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … resulting from individual residential decisions can be quite inefficient, both from the point of view of aggregate growth and in …
Persistent link: https://www.econbiz.de/10005661649
initial conditions. The degree of marital sorting, wage inequality, per capita income and fertility differentials are …This Paper examines the interactions between household matching, inequality, and per capita income. We develop a model …
Persistent link: https://www.econbiz.de/10005123829
distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … of worker. Our analysis reveals that the effects of a liberalization on human capital accumulation, income and inequality … 20 percent in the shortrun, and by more than 55 percent after 50 years. The world average index of inequality decreases …
Persistent link: https://www.econbiz.de/10010235847
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/10012818818