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This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization …-offs, with an uneven gain distribution within factor categories and foreign actors clearly favored over domestic actors. This …
Persistent link: https://www.econbiz.de/10009399719
This paper uses a price-leadership model of the international vanilla market to study the welfare consequences of alternative pricing policies for Madagascar – a country that controls domestic production through a single-channel marketing system and is the leader in the vanilla market....
Persistent link: https://www.econbiz.de/10005123561
distribution. We show that over the entire period 1966-2001, as well as over 1997-2001, only the top 10 percent of the income … distribution enjoyed a growth rate of real wage and salary income equal to or above the average rate of economy-wide productivity … productivity growth, because half of the income gains went to the top 10% of the income distribution, leaving little left over for …
Persistent link: https://www.econbiz.de/10005123760
We analyze the distribution and concentration of market incomes in Germany in the period 1992 to 2001 on the basis of … substantial drop of median income and a remarkable income growth at the top 0.1% of the income distribution. The increase of …
Persistent link: https://www.econbiz.de/10005124248
The ‘fractal’ nature of the rise in earnings dispersion is one of its key features and remains a puzzle. This paper offers a new perspective on the causes of changes in earnings dispersion, focusing on the role of labour reallocation. Once we drop the assumption that all firms pay a given...
Persistent link: https://www.econbiz.de/10005497843
The paper evaluates the potential gains from labour immigration for the European Union. After a review of the East-West migration problem and recent western migration policies, governmentally controlled labour immigration is studied in a framework with unions, unemployment and heterogenous...
Persistent link: https://www.econbiz.de/10005504503
This paper analyses capital export controls under majority voting. It is shown that individuals vote according to their factor endowment ratio. An individual’s optimal restriction is tighter, the lower their capital-labour ratio and the larger the country; it is also tighter if unemployment...
Persistent link: https://www.econbiz.de/10005656256
Recent empirical contributions in labor economics suggest that individual firms face upward sloping labor supplies. We rationalize this by assuming that idiosyncratic non-pecuniary conditions interact with money wages in workers’ decisions to work for specific firms. Likewise, firms supply...
Persistent link: https://www.econbiz.de/10008611011
This paper considers a dynamic North South model of international trade and innovations in which firms can endogenously bias the direction of technological change. We show that, when there is a differential degree of protection of property rights between the two regions, innovating firms face a...
Persistent link: https://www.econbiz.de/10005114403
We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project generates a new variety of the differentiated...
Persistent link: https://www.econbiz.de/10011083890