This study investigates the relationship between financial development and the size of the informal economy. We build a model in which an exogenous variation in the size of the informal sector creates two effects on financial development. Specifically, informal sector harms financial development...

Compares the ability of prime-age, able-bodied workers in the U.S., Canada, Sweden, Netherlands, and the U.K. to keep themselves and their households out of poverty by working. The authors find that although the probability of being poor is smaller in households in which the head works...

Uses LIS data to study the sensitivity of cross-national income poverty comparisons to the method in which poverty is measured. Examined are the differences between using absolute and relative poverty comparisons as well as the consequence of lowering the real value of the poverty line to...

This study explores the influence that international competition has on worker well-being in the US, UK and Sweden. Industrial sectors are divided into tow groups: those that experience international competition and those that do not. Electronics, textiles, apparel, and automobile production...

The object of this report is to review the available evidence on the extent and nature of financial poverty in modern rich nations within the OECD and selected other nations. While there is discussion of broader concepts of poverty such as those related to deficits in capabilities, social...

This paper includes fifty observations on wage distributions across eleven countries and two age cohorts defined by international mathematics tests given to thirteen-year-olds in 1962 and 1982. It is found that wage dispersion later in life is never greater than test score dispersion. In...