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We develop a model of international trade between two symmetric countries that features inter-group inequality between entrepreneurs and workers, and also intra-group inequality within each of those two groups. Individuals in the economy are heterogeneous with respect to their entrepreneurial...
Persistent link: https://www.econbiz.de/10013316502
This paper reviews five striking facts about inequality across countries. As Kuznets (1955) famously first documented, inequality first rises and then falls with income. More unequal societies are much less likely to have democracies or governments that respect property rights. Unequal societies...
Persistent link: https://www.econbiz.de/10014061644
In a growth model, rent-grabbing and free riding can give rise to inequality in productivity and firm size. Inequality among firms affects a firm's incentive to free ride or to grab rents, and, hence, the incentive to invest in research and training We follow Lucas and Prescott (1971) and...
Persistent link: https://www.econbiz.de/10014063131
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Inequality can refer to economic inequality which is the difference in how assets, wealth, or income are distributed among individuals and/or populations. It is also described as the gap between rich and poor, income inequality, wealth disparity, wealth and income differences, or the wealth gap....
Persistent link: https://www.econbiz.de/10013528105
Dieses Buch betrachtet die Entwicklung der funktionalen und personellen Einkommensverteilung und deren Verortung im … funktionalen und zur personellen Einkommensverteilung dargestellt. Ansätze der Mainstream-Ökonomie werden heterodoxen Ansätzen … betrachtet, konkret wird die Entwicklung der funktionalen bzw. personellen Einkommensverteilung in insgesamt 14 Ländern zwischen …
Persistent link: https://www.econbiz.de/10014019041
This paper examines how perceived importance of family background affect distributional pref-erences using two large-scale survey experiments. In the first experiment, we randomly inform respondents about the relationship between parental income and economic success later in life, which renders...
Persistent link: https://www.econbiz.de/10013411680
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