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wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. We further …
Persistent link: https://www.econbiz.de/10011509121
concentration and wage inequality. Using a calibrated agent-based macroeconomic framework, the Eurace@Unibi model, we consider … inequality has an inverted U-shape with a large fraction of workers profiting in the very long run from high wages offered by …
Persistent link: https://www.econbiz.de/10013192013
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In this paper we compute inequality measures over the distribution of a subjective well-being variable constructed from … a life satisfaction question included in the Gallup World Poll in almost all countries in the world. We argue that … inequality in subjective well-being may be a better proxy for the degree of unfairness in a society than income inequality. We …
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inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main … finding is that financial development contributes to reducing inequality up to a point, but as financial development proceeds … further, it contributes to greater inequality. We also find that when the ratio of primary schooling to total schooling …
Persistent link: https://www.econbiz.de/10011305273
This paper uses recently published top 1% income share series in studying the inequality-development association. The … opportunity to study slow development processes. The empirical inequality-development studies have started to call into question …
Persistent link: https://www.econbiz.de/10010496108