We identify a common misconception that expected future changes in short-term interest rates predict corresponding future changes in long-term interest rates. People forecast similar shapes for the paths of short and long rates over the next four quarters. This is a mistake because long rates...

Current studies addressing the rise in inequality confine themselves to country-level developments. This paper delineates trends in earnings inequality and employment at the sectoral level for eight LIS countries between 1985-2005. Earnings inequality mainly manifests itself within rather than...

In most OECD countries the gap between rich and poor has widened over the past decades. This paper analyzes whether and to what extent taxes and social transfers have contributed to this trend. Has the redistributive power of different social programs changed over time? The paper contributes to...

The aim of this paper is to offer detailed information of fiscal redistribution in 36 countries, employing data that have been computed from the Luxembourg Income Study's micro-level database. LIS data are detailed enough to allow us to measure both overall redistribution, and the partial...

This paper estimates income polarization in the People'http://www.adb.org/publications/income-polarization-prc-trends-changess Republic of China (PRC) from 1978 to 2010 and decomposes the estimated polarization by population subgroup. In addition, a framework is proposed to disentangle a change...

Purpose: To examine how network competence, knowledge sharing and relationship quality affect service innovation performance Design/methodology/approach: Empirical Research Findings: 1) Both enterprise's network competence and knowledge sharing have distinct positive impact on SIP; (2) Knowledge...

This paper aims to depict the post-Second World War poverty and inequality trends in Asia, its sub-regions, and individual economies. Efforts are made to explain these trends and explore the interrelationship between growth, poverty, and inequality in Asia. Analytical results confirm significant...

Based on required growth rate and actual growth rate, this paper proposes a method to construct measures to indicate the probability of a country escaping the middle income trap (MIT). A second contribution of this paper is to model this probability using 1960-2015 cross-country data, focusing...

This study explores the relationship between inequality and structural transformation by constructing a theoretical model, developing analytical frameworks, and implementing a case study. The general equilibrium model we develop demonstrates that inequality exhibits an inverted U shape as...

Changes in the labor share of national income affect inequality (Piketty 2014). This paper aims at investigating the relationship between the labor share and technical progress, based on provincial data of the People's Republic of China (PRC) from 1978 to 2012. Our main empirical results show...