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There are two sources of inconsistency in existing cross-country empiricalwork on growth: correlated individual effects and endogenous explanatoryvariables. We estimate a variety of cross- country growth regressions usinga generalized method of moments estimator that eliminates both problems.In...
Persistent link: https://www.econbiz.de/10009305097
Since the 1980s the debate about economic convergence hasdominated empirical work about the dynamics of growth. Economichistorians have been attracted, in particular, by stories of clubconvergence. However, the analytical foundations of most of the work inthis area have rested on linear, or more...
Persistent link: https://www.econbiz.de/10005870752
As part of an endeavour to explain the divergence in incomes per capita between North and South America new institutional economics (NIE) and economic history have attempted in recent years to realize the potential effort for illumination derivable from comparisons of the heritage of their...
Persistent link: https://www.econbiz.de/10005870783
It is worth distinguishing social exclusion from social isolation, definingsocial isolation as the phenomenon of non-participation (of anindividual or group) in a society’s mainstream institutions, whilereserving ‘social exclusion’ for the subset of cases in which socialisolation occurs...
Persistent link: https://www.econbiz.de/10008756560
Earnings inequality has increased substantially since the 1970s. Using evidence changes from con…dential Census data on U.S. law offices on lawyers'organization and earnings, we study the extent to which the mechanism suggested by Lucas (1978) and Rosen (1982), a scale of operations effect...
Persistent link: https://www.econbiz.de/10008860707
This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets and incomes.[...]
Persistent link: https://www.econbiz.de/10009305094
labor income taxation. Additional literature is motivated bythe possibility that distributive concerns should amend the …
Persistent link: https://www.econbiz.de/10009305124
theory is that a household’s standard of livingis a function of income and needs. The extra costs of disability can be … derivedby comparing the standard of living of households with and without disabledmembers at a given income, having controlled … results, we compare and contrastthree different income distributions which differ in their adjustment for the extracosts of …
Persistent link: https://www.econbiz.de/10009354064
This paper examines the implications of income redistribution from men to women for the welfareof married women and …
Persistent link: https://www.econbiz.de/10005869063
West German productivity and income variables. The strong initial takeoff until the mid-end 1990s ended at a level of 70 … Wirtschaft verharrt seitdem auf einem Niveau, das 70% bis 80% der westdeutschen Referenzgrößen entspricht. In diesem Beitrag … werden zwei voneinander unabhängige Hypothesen überprüft: (i), dass bereits die kommunistische Wirtschaft Ostdeutschlands vor …
Persistent link: https://www.econbiz.de/10010286020