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Distribution and Growth in an Economy with Limited Needs

Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …

Persistent link: https://www.econbiz.de/10005762377

Distribution & Growth in an Economy with Limited Needs

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

knowledge sector is bounded, as productivity increases, the economy moves from a ‘Solovian zone’ where wages increase with … their bliss point can only be made better off by an increase in diversity. If wages are set by monopoly unions rather than … always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …

Persistent link: https://www.econbiz.de/10005124380

Has the income share of the middle and upper-middle been stable over time, or is its current homogeneity across the world the outcome of a process of convergence? The 'Palma Ratio' revisited

Palma, José Gabriel - Faculty of Economics, University of Cambridge - 2014

In an article published in Development and Change in 2011, I suggested an alternative measure of inequality to the Gini - a "19th Century statistic" - which has subsequently become known as the ´Palma Ratio'. In this new article, I revisit the argument for such a measure. Using new data, I...

Persistent link: https://www.econbiz.de/10010949350

China’s Great Convergence and Beyond

Storesletten, Kjetil; Zilibotti, Fabrizio - In: Annual Review of Economics 6 (2014) 1, pp. 333-362

A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...

Persistent link: https://www.econbiz.de/10010886217

Distribution and Growth in an Economy with Limited Needs

Saint-Paul, Gilles - CESifo - 2001

knowledge sector is bounded, as productivity increases, the economy moves from a “Solovian zone“ where wages increase with … their bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than … always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …

Persistent link: https://www.econbiz.de/10005181434

Globalization and Inequality: Where do we stand?

Chusseau, Nathalie; Hellier, Joël - Society for the Study of Economic Inequality - ECINEQ - 2012

Over the last thirty years, both developed and developing countries have experienced a huge globalization of their economies, which has coincided with an increase in intra-country income inequality, both within and between skill groups. This article surveys the key mechanisms of the...

Persistent link: https://www.econbiz.de/10011163078

China's March to Prosperity: Reforms to Avoid the Middle-income Trap

Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013

liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also …’éducation, la recherche et l’innovation. Des progrès sont également requis dans d’autres domaines, notamment pour promouvoir des …

Persistent link: https://www.econbiz.de/10011277005

Evolutionary Micro-dynamics and Changes in the Economic Structure

Lorentz, André; Savona, Maria - Volkswirtschaft Abteilung, Fachbereich … - 2007

The paper aims to account for the empirical stylised facts related to changes in sectoral structures that have led to the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro-founded structural change is developed, which formalises the role of...

Persistent link: https://www.econbiz.de/10005765349

Mass Consumption, Exclusion and Unemployment

Foellmi, Reto; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2006

and that underemployment could be "Keynesian" in the sense that it cannot be cured by downward-flexible real wages. (iii … redistribution is Pareto-improving. (iv) An exogenous increase in (minimum) real wages have a cost effect (that lets firms reduce …

Persistent link: https://www.econbiz.de/10005791388

Mass Consumption, Exclusion, and Unemployment

Foellmi, Reto; Zweimüller, Joseph - Institut für Volkswirtschaftslehre, … - 2006

and that underemployment could be ”Keynesian” in the sense that it cannot be cured by downward-flexible real wages. (iii … redistribution is Pareto-improving. (iv) An exogenous increase in (minimum) real wages have a cost effect (that lets firms reduce …

Persistent link: https://www.econbiz.de/10005040819