Search results for "Income"
showing 10 items of 538 documents
Introduction
2016
This collection of essays is a tribute to Neri Salvadori, the man and scholar, teacher and friend, whom the scientific community owes important works in the tradition of Piero Sraffa’s revival of the classical economists’ approach to the problems of value, income distribution, capital accumulation, technical progress, scarce natural resources, economic development and growth. The essays in this book have all been freshly written and contain original work with novel ideas in the areas mentioned. In this introduction we first summarize briefly Neri Salvadori’s academic career, his work and his intellectual and organisational activities and then provide a short overview of the essays collected…
The Impact of Monetary Policy on Bank Profitability
2020
This chapter analyzes the effect of the monetary policy on both net interest margin and bank profitability using a panel data from 31 OECD countries over the period 2000–2017. The main results show that expansionary monetary policy measures adopted in numerous economies had a negative impact on net interest margins and, therefore, on bank profitability. The relationship between interest rates and the slope of the yield curve with both the net interest margin and profitability is non-linear, more specifically concave. This suggests that the negative impact of low interest rates and the flat yield curve is greater the lower and flattened they are, respectively. Therefore, a potential normaliz…
PERMANENT INCOME, CONVERGENCE AND INEQUALITY AMONG COUNTRIES
2008
The literature on inequality has generally focused on the analysis of annual per capita income. This paper adopts a different approach by considering the life-cycle dimension of inequality and convergence between economies from 1960 to 2000. We analyze the present value of the set of incomes individuals obtain throughout their whole life (permanent income). On the basis of this approach, various simulations are made to determine the effect on inequality in permanent income of variables such as survival rates and the long-run growth rates in current income. The results indicate that survival rates are an important source of inequality. Inequality in permanent income is about one third higher…
Food insecurity and physical multimorbidity among adults aged ≥ 50 years from six low- and middle-income countries
2022
Abstract Purpose Food insecurity and multimoribidity (i.e., ≥ 2 chronic conditions) may be linked bidirectionally, but there are no studies on this topic from LMICs. Therefore, the aim of the present study was to examine the association between food insecurity and physical multimorbidity in a large representative sample of older adults from six LMICs. Methods Cross-sectional, community-based data on adults aged ≥ 50 years from the World Health Organization’s Study on Global AGEing and Adult Health (SAGE) conducted in China, Ghana, India, Mexico, Russia, and South Africa were analyzed. A total of 11 chronic physical conditions were assessed. Past 12 month food insecurity was assessed with tw…
In-work benefits for married couples: an ex-ante evaluation of EITC and WTC policies in Italy
2014
This paper investigates labor supply and redistributive effects of in-work benefits for Italian married couples using a tax-benefit microsimulation model and a multi-sectoral discrete choice model of labor supply. We consider two in-work benefit schemes following the key principles of the Earned Income Tax Credit (EITC) and the Working Tax Credit (WTC) existing in the US and the UK, respectively. The standard design of these in-work benefits is however augmented with a new benefit premium for two-earner households in order to overcome the well-known disincentive effects that these welfare instruments may generate on secondary earners. In simulation, the proposed in-work benefits are finance…
Innovación y crecimiento económico: Factores que estimulan la innovación
2012
[ES] El objetivo de este artículo es analizar el papel que desempeñan las innovaciones en la actividad económica. En este sentido, se muestra la relación que existe entre innovaciones y crecimiento económico, como objetivo esencial actual de la política económica para reducir el desempleo y aumentar el bienestar social. Para llevar a cabo este análisis nos basamos en el modelo de Schumpeter, en el que el empresario-emprendedor y el clima social desempeñan un papel relevante en el proceso. El análisis empírico estima una ecuación de innovaciones para el caso de 11 países desarrollados, mostrando que el clima social, representado por la formación y la distribución de la renta, y la política m…
La desigualdad económica regional en América Latina (1895-2010)
2020
En este artículo se analiza por primera vez el crecimiento y la evolución de la desigualdad regional a lo largo del proceso de desarrollo económico de nueve países de Latinoamérica (Argentina, Bolivia, Brasil, Chile, Colombia, México, Perú, Uruguay y Venezuela) entre 1895 y 2010. Para ello, en primer lugar se verifica la presencia de un proceso de beta-convergencia entre los países latinoamericanos para la totalidad del periodo. No obstante, se muestra cómo este proceso fue especialmente intenso durante los periodos en los que los diferentes Estados implementaron políticas activas de desarrollo (ISI) que favorecieron la convergencia entre las regiones de un mismo país. En segundo lugar, se …
Parental autonomy vs. ability : attendance in a low-income elementary school
2018
The overall aim of this study is to examine the perceptions of low-income elementary school parents with outstanding attendance concerns. This analysis makes salient the need for more complex treatment of the term parental agency in current U.S. educational scholarship by using a cross-disciplinary frame-work. Parental data subjects were collected within the context of a San Diegan NGO’s attendance initiative at a low-income elementary school in San Diego Unified School District. As an “Every Student Every Day” attendance intern, at-risk students with outstanding attendance concerns were added to my case-load at the start of the 2017-2018 school year. Ethnographic data in the form of case n…
Tax Incentives as a Part of Governments’ Applied Mechanisms for the Third Pension Pillar in Estonia, Latvia, and Lithuania
2020
The main objective of the improvements to public pension systems is to create a balanced three-pillar pension structure and increase public accountability for pension capital formation. Most pension systems are based on the first two pension system pillars – mandatory contributions in the state compulsory unfunded pension scheme and the state-funded or accumulated pension scheme in pension funds. However, the pension level adequacy has been reached by adding the third pension system pillar - voluntary investments in private pension funds. Governments are private pension system policymakers by defining a legal framework and providing tax incentives for voluntary investments for retirement. I…
Growth and Spatial Dependence in Europe
2009
The convergence of European regions has been largely discussed in the empirical literature during the last decade. Two observations are often emphasized. First, the convergence rate among European regions appears to be very slow (Barro and Sala-i-Martins 1991, 1995; Armstrong 1995, Sala-i-Martin 1996a,b). Second, the tools used in the regional science literature show that the geographical distribution of European per capita GDP is highly clustered and characterized by global and local autocorrelation (Armstrong 1995; Ertur et al. 2007; Lopez-Bazo et al. 1999; Le Gallo and Ertur 2003 with a UE15 regional database and Ertur and Koch 2006, with a UE27 enlarged regional database). Many other st…