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We examine trends in wage inequality in the US and other countries over the past four decades. We show that there has been a secular increase in the 90-50 wage differential in the US and the UK since the late 1970s. By contrast the 50-10 differential rose mainly in the 1980s and flattened or...
Persistent link: https://www.econbiz.de/10010746032
During this election period many Americans are feeling angry towards the very rich, especially those working in the financial sector, who helped cause the Great Recession and yet were bailed out by the government. Increases in inequality might be tolerable at a time of growing consumption for...
Persistent link: https://www.econbiz.de/10011125893
Overall wage and income inequality rose slightly under the Labour government since 1997. This was driven by the top half (especially the top 10 per cent) of the income distribution. There was no change in inequality (and even falls on some measures) for those in the bottom half of the...
Persistent link: https://www.econbiz.de/10011126396
Establishment-level data from the 1984 Workplace Industrial Relations Survey are used to investigate the relationship between the presence of multiple recognized unions and wages, financial performance, and the incidence of industrial action. Where multiple unions are present, it is found to be...
Persistent link: https://www.econbiz.de/10005226003
The skill structure of wages and employment has altered markedly in recent years. In some countries (most notably the UK and the US) wage inequality has risen sharply and in most countries relative demand has shifted unfavourably against the less skilled. In this paper we reassess the evidence...
Persistent link: https://www.econbiz.de/10005226358
Persistent link: https://www.econbiz.de/10010199616
Persistent link: https://www.econbiz.de/10008914673
In this Chapter, we critically review the sizable literature that values school quality and performance through housing valuations. While highly variable in terms of research quality, the literature consistently finds housing valuations to be significantly higher in places where measured school...
Persistent link: https://www.econbiz.de/10008914674
How successful are sanctions at targeting the economic interests of political elites in affected countries? We study the efficacy of targeting in the case of Iran, using information on the stock exchange-listed assets of two specific political entities with substantial influence over the...
Persistent link: https://www.econbiz.de/10012029857
There is a growing body of research that measures employment effects of the minimum wage by using longitudinal data on individuals to compare job loss of workers affected by a minimum wage increase with those who are not directly affected. This sort of study requires good quality wage data in...
Persistent link: https://www.econbiz.de/10009440379