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endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how …
Persistent link: https://www.econbiz.de/10009781636
We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...
Persistent link: https://www.econbiz.de/10011517740
Persistent link: https://www.econbiz.de/10012050619
of education in Pakistan. Utilizing four rounds of household level surveys conducted at national level during 2001 …-2014, the study analyzes the effect of education on earning inequality within workers having same level of education. Quantile … regression is employed to estimate and test earning inequality within workers having primary, secondary and tertiary education …
Persistent link: https://www.econbiz.de/10011934109
This paper evaluates the impact of education on measured inequality across the wage distribution using pooled records … from the 2005 and 2010 Cameroon labour force surveys, wage equations and standard inequality measures. Returns to education … returns to education for the period 2005-10 largest for the 5th and 10th percentiles. Inequality decreased from the lower to …
Persistent link: https://www.econbiz.de/10010467077
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …
Persistent link: https://www.econbiz.de/10011325967
This paper aims to clarify the relationship between monetary policy shocks and wage inequality. We emphasize the relevance of within and between wage group inequalities in explaining total wage inequality in the United States. Relying on the quarterly data for the period 2000-2020, our analysis...
Persistent link: https://www.econbiz.de/10014256122
Using quarterly real GDP data from 2005 to 2019 for all U. S. states from the Bureau of Economic Analysis, we construct an economic inequality measure which is additively decomposable into within and between-region inequality. We find increases in economic disparity in terms of total real GDP...
Persistent link: https://www.econbiz.de/10012843368
Understanding within and between group inequality is fundamental in understanding the evolution of income inequality in any country. Using a century of data for France, and the Theil measure of income inequality, which is decomposable, we show that income inequality within the bottom 90\%...
Persistent link: https://www.econbiz.de/10012847796
This study investigates the relationship between conspicuous consumption and inequality in the United States by doing text mining in Google searches for luxury and comfort goods. The findings reveal a strong correlation between the pursuit of luxury items and levels of income inequality in...
Persistent link: https://www.econbiz.de/10014255664