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A new strand of literature has recently sought to investigate possible links between technological changes, observed modifications to firms' organizational structure and the evolution of the wage gap between skilled and unskilled workers. After a brief overview of such approaches, this essay...
Persistent link: https://www.econbiz.de/10009471673
This study compares the effects of economic internationalisation on the functional distribution of labour income in the U.S.and Germany. The benchmark for assessing the empirical analyses theoretically is the general equilibrium framework ofinternational trade theory. Focusing on general...
Persistent link: https://www.econbiz.de/10009471731
This background paper is devoted to US sugar policy. A first section describes the features and economics of the US sugar program; a second section is devoted to the welfare and trade effects of the US sugar program; and a final section reports on potential emerging reforms, their expected...
Persistent link: https://www.econbiz.de/10009445030
We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012524850
We study the link between culturally inherited household structure and wealth distribution in international comparisons … distribution. Imposing the Spanish household structure to the US wealth distribution has little effect on summary measures of … between these wealth distribution differences and wealth composition. Finally, we present results for the within …
Persistent link: https://www.econbiz.de/10012529955
, we analyze the constrained-efficient allocation of an Aiyagari economy with a fat-tailed wealth distribution. We find … that the constrained-efficient allocation features more wealth inequality than the competitive equilibrium …
Persistent link: https://www.econbiz.de/10012530491
Die zwei Ansätze sind konzeptionell gesehen zweckmäßige Berechnungswege,115um ihregesteckten Ziele zu erreichen. Um die Rentabilitätswirkung der Steuersysteme zu messenund zu vergleichen, muß bei dem Ansatz der effektiven Grenzsteuerbelastung auf eineentscheidungsneutrale...
Persistent link: https://www.econbiz.de/10009471905
This paper investigates the effects of wealth on consumer spending in the United States. A traditional life-cycle model … is estimated first. Although it does find a statistically significant wealth effect, its findings are unusable due to the … offered. First, wealth is divided into stock market and non-stock market components, second into liquid and illiquid …
Persistent link: https://www.econbiz.de/10009474974
Despite of the particular importance of wealth as a measure of economic well-being and the various functions of wealth …, its distribution on the individual level as well as the reasons for inequality in wealth holdings in Germany have not been … fully explored. Marital splits constitute a potential shock in relation to wealth: divorce is likely to reduce wealth …
Persistent link: https://www.econbiz.de/10009481019
The basic structure of our research for this article focuses on identifying, with arguments, reasoning for the following question: „How do we explain the switch between industry and services as a determinant of growth/prosperity for the 28 member countries of the EU?” In order to answer this...
Persistent link: https://www.econbiz.de/10011316207