The historical record is not kind to the trickle-down theory of economics. In 1980, when Jeffrey Williamson and Peter Lindert published what was the definitive study of inequality in U.S. economy at the time, they offered their brief overview of the history of inequality in the United ...
[Research in Labor Economics] Inequality: Causes and Consequences Volume 43 || Estimating the Intergenerational Elasticity and Rank Association in the Unit... The increase in economic disparities over the past 30 years has prompted extensive research on the causes and consequences of inequality both ...
Our study, which comprises a combination of formal analysis, supplemented with numerical simulations, suggests that in the long run the tariff reduction will be expansionary and be associated with both a permanent reduction in wealth inequality but an increase in income inequality, the magnitudes of ...
(2004) find that inequality negatively affects individual utility even after controlling for individual income. Psychologists document that most individuals feel a strong need to believe that they live in a world that is fair. This concept of fairness in socio-economics is formally developed in ...
Ludwig (2007): "On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare," Journal of ... D Krueger,A Ludwig - 《Journal of Monetary Economics》 被引量: 472发表: 2006年 On the Consequences of Demographic Change for International ...
Get Rid of the FedAugust 27, 2009 at 11:08 am For Cedric Regula and Menzie: What about income/wealth inequality? Does national income accounting need to be broken down to include income/wealth inequality (have a group called the rich and another one the lower and middle class and do that...
Air pollution poses a persuasive threat to global health, demonstrating widespread detrimental effects on populations worldwide. Exposure to pollutants, notably particulate matter with a diameter of 2.5 µm (PM2.5), has been unequivocally linked to a s
We also find that overvaluation is widespread among low-income households, putting them at risk of future price reductions and loss of home equity (Fig.3). In the event of price deflation, these inequities have the potential to exacerbate wealth gaps in the United States, as many households’...
Summarizing the Marxist variant of the “pessimists,” Standen (1985: 180) states that “[p]rior to the Conquest, New France was developed as a normal French colony replete with capitalist bourgeoisie that controlled wealth, power and politics in the colony.”. ...
As documented by, among others, González Jiménez (1989, p. 57), in medieval Castile military potential was closely associated with wealth. Cabrera Muñoz (2006, p. 126) provides several examples of the military power exhibited by the greatest and also wealthiest noble families in the Castilia...