Showing 1 - 10 of 1,180
Starting with Tinbergen (1962), quantifying the effects of regional trade agreements (RTAs) on international trade flows has always been among the most popular topics in the trade literature. Also not surprisingly, to estimate the effects of RTAs, most researchers and policy analysts have relied...
Persistent link: https://www.econbiz.de/10013540804
This paper identifies globalization as a factor behind the rapid increase in executive compensation and inequality over ….S. inequality than previously thought, and that both higher returns to top talent and rent-capture are important parts of this story. …
Persistent link: https://www.econbiz.de/10011741873
This paper proposes a unique overview of trade policies trends since the launch of the Doha Round, based on detailed data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization so far, leading to only a 0.3 percentage point (p.p.) cut...
Persistent link: https://www.econbiz.de/10011496864
While traditional empirical models using determinants like size and trade costs are able to predict RTA formation reasonably well, we demonstrate that allowing for machine detected non-linear patterns helps to improve the predictive power of RTA formation substantially. We employ machine...
Persistent link: https://www.econbiz.de/10012602123
East Germany for men aged 20-60 rose by 118%, while various inequality measures indicate an increase in wage inequality of … 25 to 61%. This paper studies the causes of this growth in wages and the changes in wage inequality, the first two … growth and inequality change in East Germany. Most of the increases occur at the beginning of the transition. We compare our …
Persistent link: https://www.econbiz.de/10010266345
This paper reviews evidence on social mobility in Latin America. Several studies have used data sets that collect intergenerational socio economic information. The data, though limited, suggest that social mobility is low in the region, even when compared with low social mobility developed...
Persistent link: https://www.econbiz.de/10010278279
inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries …
Persistent link: https://www.econbiz.de/10010316861
metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012002880
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on survey data that needs not assume that voters are guided by pecuniary motives alone. We find that most democracies implement the median voter's preferred amount of redistribution...
Persistent link: https://www.econbiz.de/10010461269
In this paper, the method of deriving the parameter ε of inequality aversion from a parametric distribution of incomes … constant inequality aversion utility function and that incomes obey the generalised beta distribution of the second kind GB2(a …) interval. The mid-point εmid of this interval specifies inequality aversion of the median socialdecision maker. The maximum …
Persistent link: https://www.econbiz.de/10012112502