Search results for "Income"
showing 10 items of 538 documents
Integration and arbitrage in the Spanish financial markets: An empirical approach*
2000
Several authors have introduced different ways to measure integra-tion between financial markets. Most of them are derived from thebasic assumptions about asset prices, like the Law of One Price or ...
La distribución de la renta en España en el período de crecimiento económico: 1998-2005
2021
El objetivo del trabajo es analizar la relación entre el crecimiento económico y la distribución de la renta en España entre 1998 y 2005 (crecimiento económico con escasa reducción de la desigualdad). El trabajo intenta mostrar la relación entre ambas variables económicas, así como buscar las claves que explican por qué la última larga etapa de crecimiento económico en España no se ha traducido en una clara mejoría de la distribución de la renta.
The contribution of Herschel I. Grossman to political economy
2005
Herschel Grossman was one of the most creative and productive economists of his generation in the field of political economy. This paper surveys his scientific contributions to the field.
On factor decomposition of cross-country income inequality: some extensions and qualifications
2001
Abstract In a recent paper in this journal Duro and Esteban [Econom. Lett. 60 (1998) 269] have proposed a factor decomposition of the Theil [Economics and Information Theory, Amsterdam, North-Holland, 1967] index of inequality over per capita incomes into the (unweighted) sum of the inequality indexes of the factors in order to measure the contribution of each individual factor to the overall inequality. The purpose of this little note is to extend and qualify the meaning of such a decomposition, to show that the decomposition also holds for another Theil [Economics and Information Theory, Amsterdam, North-Holland, 1967], index of inequality and that both decompositions offer qualitatively …
How do Banking Crises Impact on Income Inequality?
2012
We show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply declines afterwards. We also find that, while a large government size does not per se seem to reduce inequality, a rise in financial depth (i.e. better access to credit provided by the banking sector) contributes to a more equal distribution of income.
World Interest Rates and Inequality: Insight from the Galor - Zeira Model
2018
In this paper, we study the relationship between changes in the world interest rate and within-country inequality during the 1985–2005 period in which the world interest rate sharply declined. In line with the predictions of the seminal model of Galor and Zeira [Income distribution and macroeconomics. Review of Economic Studies 60, 35–52], the analysis suggests that the decrease in the world interest rate is associated with a decrease in inequality in poor countries and an increase in inequality in rich ones.
Measuring Social Mobility
1993
Abstract The paper considers the ranking of mobility matrices in a simple Markov model of social mobility. The approach is the dynamic counterpart ot the "static" inequality ranking of income distributions by the Lorenz curve. The derived partial ordering is motivated by welfare considerations, is shown to be equivalent to same intuitive mobility concepts, and is used to screen some immobility indices. The equivalence of the ranking with the "permanent income" Lorenz ordering gives support to the claim that this approach is the natural extension of Kolm′s [The optimal production of social justice, in "Public Economics (J. Margolis and H. Guitton, Eds.), MacMillan, London, 1969], Atkinson′s …
Does one size fit all? The impact of cognitive skills on economic growth
2016
Les Documents de Travail de l'IREDU, n°2016-1; This paper tests for heterogeneous effects of cognitive skills on economic growth across countries. Using a new extended dataset on cognitive skills and controlling for potential endogeneity, we find that the magnitude of the effect is about 60 per cent higher for low-income countries compared to high-income countries, and it more than doubles when low TFP countries are compared to high TFP countries. There are also marked differences across geographic regions. Using data on the share of the population with advanced and minimum skill levels, our results also indicate that high-income countries should focus on increasing the number of high skill…
Creatine and entrepreneurship
2016
Creatine is a nitrogenous organic acid which supplies energy to body cells and enhances physical performance. Using the Young Finns Study combined with the Finnish Linked employer-employee data we show that quantities of creatine measured in 1980 prior to labour market entry affect entrepreneurial success as measured by capital income accumulation over the period 1993–2010 (in particular for females). However, we do not find evidence that creatine affects the propensity to become an entrepreneur. Our study contributes to the emerging literature on biomarkers and entrepreneurship. peerReviewed
Redistribution, selection, and trade
2017
Abstract This paper examines the distributional effects of international trade in a general equilibrium model with heterogeneous agents and a welfare state redistributing income. The redistribution scheme is financed by a progressive income tax and gives the same absolute transfer to all individuals. Ceteris paribus, international trade leads to an increase in income per capita but also to higher income inequality on two fronts. Inter-group inequality between managers and workers increases, and intra-group inequality within the group of managers goes up as well. We show that for a given tax rate, there is an endogenous increase in the size of the welfare state that works against the increas…