This article is a comparative analysis of the sources of income inequalityin four countries, namely Japan, South Korea, Taiwan and the UnitedKingdom. It relies upon decompositions of inequality measures bypopulation groups and income sources (except for Japan because of datalimitations)....

In this paper we study the impact of the international migration of unskilled workers on skill formation and the average skill level in the home country. We analyze what appears to be the least threatening scenario from the point of view of its effect on the supply of skills at home: namely,...

This report is concerned with analysing, for eight EU Member States with lagging regions, the main structural reforms carried out over the past five to ten years, essentially those which are relevant for the European Structural and Investment Funds. Furthermore it provides an overview of the...

We study the aggregate productivity effects of firm-level financial frictions. Credit constraints affect not only production decisions but also household-level schooling decisions. In turn, entrepreneurial schooling decisions impact firm-level productivities, whose cross-sectional distribution...

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Polish Abstract: Kapitał ludzki, z uwagi na czynniki związane zarówno z przemianami społecznymi, jak i z ewolucją światowych systemów oraz centrów finansowych, odgrywa coraz większą rolę w efektywnym funkcjonowaniu form zbiorowego inwestowania. Czynniki dotyczące kapitału ludzkiego,...

Now that the stock market's streak skyward has hit the five-year mark, more financial industry experts feel justified in slamming Americans for not saving enough money. Are we really making the mistakes these people describe? In fact our big mistake may be paying any attention at all to the...

This paper explores the relationship between inequality and growth in the context of a unified empirical approach suggested by the theoretical model of Galor and Moav (2004). Based on that model, we construct a new measure, the human capital to physical capital ratio, which is used to study...

We study the aggregate productivity effects of firm-level financial frictions. Credit constraints affect not only production decisions but also household-level schooling decisions. In turn, entrepreneurial schooling decisions impact firm-level productivities, whose cross-sectional distribution...