En el período 1985-1996 la desigualdad de la renta en España se redujo de forma notable, en claro contraste con lo sucedido en otros países avanzados. En este trabajo se profundiza en el impacto que sobre esta reducción en la desigualdad ha ejercido la redistribución del stock de capital...

In this paper we use micro data from the Spanish Family Expenditure Survey for 1990 to estimate, for the first time, the private and social rates of return of different university degrees in Spain. We compute internal rates of return and include investment on higher education financed by the...

In this paper we propose different criteria to rank income distributions according to equality of opportunity. Different from existing ones, our criteria explicitly recognize the interplay between circumstances and effort. We characterize them axiomatically and we compare them with existing...

Do individuals choose their reference groups, i.e. their Joneses, or are they culturally transmitted across generations? We provide evidence that feeds the theoretical debate about the endogeneity or exogeneity of reference groups. Our findings for Uruguay suggest that reference groups are...

A growing literature has tried to measure the extent to which individuals have equal opportunities to acquire income. At the same time, policy makers have doubled down on efforts to go beyond income when measuring well-being. We attempt to bridge these two areas by measuring the extent to which...

We study short- and long-term wage effects of two important elements of non-wage labour costs: firing costs and payroll taxes. We exploit a reform that introduced substantial reduction in these two provisions for unemployed workers aged less than thirty and over forty five years. Theoretical...

Purpose – Aims to provide new evidence about gender differentials in domestic work time, market work time and total work time, that updates the evidence provided by Jenkins and O'Leary in 1997 and Layte in 1999 using UK time‐budget surveys. Design/methodology/approach – Investigates gender...