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countries involved. We contrast bargaining and perfect competition. Under perfect capital markets, convergence of capital and … convergence of the income shares, with unionized countries showing a lower wage rate and consequent capital inflows. Therefore …
Persistent link: https://www.econbiz.de/10005090984
We investigate the determinants of the education gender gap in Italy in a historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear versus complex families) and inheritance rules (partition versus...
Persistent link: https://www.econbiz.de/10011397670
This paper analyzes the quantitative role of idiosyncratic uncertainty in an economy in which rational agents vote on hypothetical social security reforms. We find that the role of a pay-as-you-go social security system as a partial insurance and redistribution device significantly reduces...
Persistent link: https://www.econbiz.de/10005090974