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The Dynamics of Inequality
Gabaix, Xavier - 2015
in top income inequality is driven by the rise of "superstar" entrepreneurs or managers …
Persistent link: https://www.econbiz.de/10013019120
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Top Incomes in Canada : Evidence from the Census
Lemieux, Thomas - 2015
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10013019500
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Wall Street and Main Street : What Contributes to the Rise in the Highest Incomes?
Rauh, Joshua D. - 2007
We consider how much of the top end of the income distribution can be attributed to four sectors -- top executives of non-financial firms (Main Street); financial service sector employees from investment banks, hedge funds, private equity funds, and mutual funds (Wall Street); corporate lawyers;...
Persistent link: https://www.econbiz.de/10012776462
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Family Descent as a Signal of Managerial Quality : Evidence from Mutual Funds
Chuprinin, Oleg - 2016
We study the relation between mutual fund managers' family backgrounds and their professional performance. Using hand …-collected data from individual Census records on the wealth and income of managers' parents, we find that managers from poor families … deliver higher alphas than managers from rich families. This result is robust to alternative measures of fund performance …
Persistent link: https://www.econbiz.de/10012984776
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The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares
Parker, Jonathan A. - 2010
We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...
Persistent link: https://www.econbiz.de/10013135402
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Emergence and Persistence of Inefficient States
Acemoglu, Daron - 2006
attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …
Persistent link: https://www.econbiz.de/10012778981
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The Economics and Psychology of Inequality and Human Development
Cunha, Flavio - 2010
Recent research on the economics of human development deepens understanding of the origins of inequality and excellence. It draws on and contributes to personality psychology and the psychology of human development. Inequalities in family environments and investments in children are substantial....
Persistent link: https://www.econbiz.de/10012757918
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Matching and Inequality in the World Economy
Costinot, Arnaud - 2010
This paper develops tools and techniques to study the impact of exogenous changes in factor supply and factor demand on factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone...
Persistent link: https://www.econbiz.de/10012757956
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Globalization and Income Distribution : A Specific Factors Continuum Approach
Anderson, James E. - 2010
Does globalization widen inequality or increase income risk? In the specific factors continuum model of this paper, globalization widens inequality, amplifying the positive (negative) premia for export (import- competing) sectors. Globalization amplifies the risk from idiosyncratic relative...
Persistent link: https://www.econbiz.de/10012758013
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Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality
Putterman, Louis - 2010
We construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality...
Persistent link: https://www.econbiz.de/10012758246