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of wage growth or stagnation, increasing or declining inequalities and wages convergence over time emerge from comparison …
Persistent link: https://www.econbiz.de/10011484346
The US has exceptionally high inequality of disposable household income (i.e., income after accounting for taxes and transfers). Among working-age households (those with no persons over age 60), that high level of inequality is caused by a high level of market income inequality (i.e., income...
Persistent link: https://www.econbiz.de/10011629058
by rigorously addressing the question as to whether changes in minimum wages can change the inequality of the … wages in the 1980s and 1990s acted as a countervailing force to the unequalizing effect of globalization. Using annual data … on workers from the 1987-1997 household surveys, it is shown that changes in the legal minimum wages did indeed have an …
Persistent link: https://www.econbiz.de/10013319249
Persistent link: https://www.econbiz.de/10003624568
Several key trends across most advanced economic economies have increased both desired hours of work and the salience of working time on well-being. Models in the economics discipline offer both labor supply and labor demand reasons to explain why many people might be willing to work longer...
Persistent link: https://www.econbiz.de/10012766738
Effectiveness in Redistribution -- Changing Perspectives on Inequality and Development -- Income Inequality and Labour -- Unions and … Democracy -- Part II (In)decent Work -- Decent Work for Change -- Minimum Wages and Poverty with Income-Sharing -- What Is …
Persistent link: https://www.econbiz.de/10013472647
countries. We find that the greater overall U.S. wage dispersion primarily reflects substantially more compression at the bottom …
Persistent link: https://www.econbiz.de/10014116631
deterioration in the relative wages of unskilled workers.This involves a model of North-Northintegration through either increased …
Persistent link: https://www.econbiz.de/10011303867
Do higher skills help mitigate the negative impact of economic crises? We study the effect of two major economic setbacks–the Global Financial Crisis (GFC) in 2007-09 and the COVID-19 lockdown in 2020–on wage progression for New Zealanders with different skill levels. For our analysis, we...
Persistent link: https://www.econbiz.de/10012818574
In this paper, we develop an allocation model of workers differentiated by their field of study to test whether international differences in the wage structure can be explained by differences in labor demand and supply in each country. The model explicitly takes into account the effects of...
Persistent link: https://www.econbiz.de/10013319671