Does Inequality in Skills Explain Inequality of Earnings Across Advanced Countries?

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Publisher :
ISBN 13 : 9780753015902
Total Pages : 33 pages
Book Rating : 4.0/5 (159 download)

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Book Synopsis Does Inequality in Skills Explain Inequality of Earnings Across Advanced Countries? by : Dan Devroye

Download or read book Does Inequality in Skills Explain Inequality of Earnings Across Advanced Countries? written by Dan Devroye and published by . This book was released on 2001 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of earnings and the distribution of skills vary widely among advanced countries, with the major English-speaking countries, the US, UK, and Canada, having much greater inequality in both earnings and skills than continental European Union countries. This raises the possibility that cross-country differences in the distribution of skills determine cross-country differences in earnings inequality. Using the International Adult Literacy Survey, we find that skill inequality explains only about 7% of the cross-country difference in inequality. Most striking, the dispersion of earnings in the US is larger in narrowly defined skill groups than is the dispersion of earnings for European workers overall. The bulk of cross-country differences in earnings inequality occur within skill groups, not between them

Causes and Consequences of Income Inequality

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Publisher : International Monetary Fund
ISBN 13 : 1513547437
Total Pages : 39 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Causes and Consequences of Income Inequality by : Ms.Era Dabla-Norris

Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

Does Education Really Help?

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Publisher : Oxford University Press
ISBN 13 : 019029356X
Total Pages : 320 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Does Education Really Help? by : Edward N. Wolff

Download or read book Does Education Really Help? written by Edward N. Wolff and published by Oxford University Press. This book was released on 2006-04-25 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges the conventional wisdom that greater schooling and skill improvement leads to higher wages, that income inequality falls with wider access to schooling, and that the Information Technology revolution will re-ignite worker pay. Indeed, the econometric results provide no evidence that the growth of skills or educational attainment has any statistically significant relation to earnings growth or that greater equality in schooling has led to a decline in income inequality. Results also indicate that computer investment is negatively related to earnings gains and positively associated with changes in both income inequality and the dispersion of worker skills. The findings reports here have direct relevance to ongoing policy debates on educational reform in the U.S.

Inequality and Economic Integration

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Publisher : Taylor & Francis
ISBN 13 : 1134293550
Total Pages : 348 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis Inequality and Economic Integration by : Francesco Farina

Download or read book Inequality and Economic Integration written by Francesco Farina and published by Taylor & Francis. This book was released on 2004-08-02 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Internationally, globalization and increased economic integration has impacted quality of life and individual well-being. Attempts to evaluate the impact on income dispersion from this process have been extremely controversial. This key volume is the first real attempt to build up indices and a theoretical framework in order to deal with inequality of opportunity, and to enable social and political institutions to monitor increasing disparities in well-being and social exclusion. It thoroughly examines the possible relationships between the recent acceleration in economic integration and inequality among persons and countries and will enable social and political institutions to monitor increasing disparities in well-being and social exclusion. The contributions to this volume cover various subfields of economics, and examine both the negative and positive spillover effects of economic integration on individuals, social groups and nations. Since the impact of globalization on the most deprived people is multidimensional in nature, the theoretical framework is extended to a multivariate context where several individual characteristics are simultaneously considered. This original volume covers many important topics and features an impressive array of respected contributors. As such, it is sure to be an invaluable resource for postgraduates and professionals in the fields of political economy and economics.

Tasks, Skills, and Institutions

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Publisher : Oxford University Press
ISBN 13 : 0192872443
Total Pages : 337 pages
Book Rating : 4.1/5 (928 download)

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Book Synopsis Tasks, Skills, and Institutions by : Carlos Gradín

Download or read book Tasks, Skills, and Institutions written by Carlos Gradín and published by Oxford University Press. This book was released on 2023-06-22 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. The book investigates the trends in earnings inequalities in developing countries to determine the main drivers. Particular attention is paid to extending the most conventional explanations of changes in earnings inequality, based on the relative abundance of skilled and unskilled labour, with recent theories that put the nature of tasks performed by workers in their jobs, rather than their skills, at the centre of the analysis. The latter approach has helped to explain relevant patterns recently observed in the trends in earnings inequality in the US and other industrialized countries. Developed countries have experienced a polarization in earnings and in employment, namely stronger growth in the earnings and jobs for the most and least skilled workers at the expense of those in the middle. This pattern has been attributed to differences in tasks-whether a given job is routine and can be automated or offshored-rather than skills, and has reduced employment and incomes in typical middle-class jobs in manufacturing and services. However, this narrative has been developed in the context of mature industrialized economies on the frontier of technological change that have also seen a large set of activities offshored to emergent economies. Evidence for developing countries, however, is still scarce and faces bigger challenges, both conceptual, and in terms of gathering the necessary data on earnings and task content of jobs. This book presents the main results of the UNU-WIDER project, The Changing Nature of Work and Inequality, aiming to fill this knowledge gap.

A Research Agenda for Skills and Inequality

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Publisher : Edward Elgar Publishing
ISBN 13 : 1800378467
Total Pages : 349 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis A Research Agenda for Skills and Inequality by : Michael Tåhlin

Download or read book A Research Agenda for Skills and Inequality written by Michael Tåhlin and published by Edward Elgar Publishing. This book was released on 2023-03-02 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-ND 4.0 License. It is free to read, download and share on Elgaronline.com. Skills and inequality have long been a central theme in analyses of social structure and economic development. A Research Agenda for Skills and Inequality offers an insightful cross-disciplinary framework for research on how unequal living conditions form, persist and change in interplay with human skill formation and development.

Education, Skills, and Technical Change

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Publisher : University of Chicago Press
ISBN 13 : 022656794X
Total Pages : 528 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis Education, Skills, and Technical Change by : Charles R. Hulten

Download or read book Education, Skills, and Technical Change written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2019-01-11 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can human capital accumulation in the United States keep pace with the evolving demands placed on it, and how can the workforce of tomorrow acquire the skills and competencies that are most in demand? Education, Skills, and Technical Change explores various facets of these questions and provides an overview of educational attainment in the United States and the channels through which labor force skills and education affect GDP growth. Contributors to this volume focus on a range of educational and training institutions and bring new data to bear on how we understand the role of college and vocational education and the size and nature of the skills gap. This work links a range of research areas—such as growth accounting, skill development, higher education, and immigration—and also examines how well students are being prepared for the current and future world of work.

Links Between Growth, Inequality, and Poverty: A Survey

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Publisher : International Monetary Fund
ISBN 13 : 1513572660
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra

Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.

The Economics of Rising Inequalities

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Publisher : OUP Oxford
ISBN 13 : 0191045675
Total Pages : 372 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis The Economics of Rising Inequalities by : Daniel Cohen

Download or read book The Economics of Rising Inequalities written by Daniel Cohen and published by OUP Oxford. This book was released on 2002-10-24 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an in-depth discussion of rising inequalities in the western world. It explores the extent to which rising inequalities are the mechanical consequence of changes in economic fundamentals (such as changes in technological or demographic parameters), and to what extent they are the contingent consequences of country-specific and time-specific changes in institutions. Both the 'fundamentalist' view and the 'institutionalist' view have some relevance. For instance, the decline of traditional manufacturing employment since the 1970s has been associated in every developed country with a rise of labor-market inequality (the inequality of labor earnings within the working-age population has gone up in all countries), which lends support to the fundamentalist view. But, on the other hand, everybody agrees that institutional differences (minimum wage, collective bargaining, tax and transfer policy, etc.) between Continental European countries and Anglo-Saxon countries explain why disposable income inequality trajectories have been so different in those two groups of countries during the 1980s-90s, which lends support to the institutionalist view. The chapters in this volume show the strength of both views. Through empirical evidence and new theoretical insights the contributors argue that institutions always play a crucial role in shaping inequalities, and sometimes preventing them, but that inequalities across age, sex, and skills often recur. From Sweden to Spain and Portugal, from Italy to Japan and the USA, the volume explores the diversity of the interplay between market forces and institutions.

The Origins of Inequality

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Publisher : Springer Nature
ISBN 13 : 3030931897
Total Pages : 217 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis The Origins of Inequality by : Per Molander

Download or read book The Origins of Inequality written by Per Molander and published by Springer Nature. This book was released on 2022-03-07 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a unified approach to the problem of inequality, combining results from a variety of research fields – the human life cycle, group dynamics, networks, markets, and economic geography. Its main message is that inequality emerges as the natural result of mechanisms operating both in individual human development and in social interaction. It posits that inequality is not an anomalous deviation from a naturally egalitarian social structure; quite to the contrary, inequality is to be expected as part of the human condition. The author states that the growth of inequality, on the other hand, is not a natural law – the level and character of inequality can be affected by collective decisions. This perspective on human inequality has potentially far-reaching consequences both for the political philosophy of inequality and for public policy-making. This book is of interest to a wide interdisciplinary social science readership, including public policy, decision sciences, economic geography, and life course studies.

The Oxford Handbook of Economic Inequality

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Publisher : OUP Oxford
ISBN 13 : 0191552356
Total Pages : 768 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis The Oxford Handbook of Economic Inequality by : Wiemer Salverda

Download or read book The Oxford Handbook of Economic Inequality written by Wiemer Salverda and published by OUP Oxford. This book was released on 2009-02-20 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Economic Inequality presents a new and challenging analysis of economic inequality, focusing primarily on economic inequality in highly developed countries. Bringing together the world's top scholars this comprehensive and authoritative volume contains an impressive array of original research on topics ranging from gender to happiness, from poverty to top incomes, and from employers to the welfare state. The authors give their view on the state-of-the-art of scientific research in their fields of expertise and add their own stimulating visions on future research. Ideal as an overview of the latest, cutting-edge research on economic inequality, this is a must have reference for students and researchers alike.

Getting Skills Right: Skills for Jobs Indicators

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Publisher : OECD Publishing
ISBN 13 : 9264277870
Total Pages : 114 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Getting Skills Right: Skills for Jobs Indicators by : OECD

Download or read book Getting Skills Right: Skills for Jobs Indicators written by OECD and published by OECD Publishing. This book was released on 2017-07-10 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes the construction of the database of skill needs indicators, i.e. the OECD Skills for Jobs Database, and presents initial results and analysis.

Rising Income Inequality

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Rising Income Inequality by : Chris Papageorgiou

Download or read book Rising Income Inequality written by Chris Papageorgiou and published by International Monetary Fund. This book was released on 2008-07 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key finding is that both globalization and technological changes increase the returns on human capital, underscoring the importance of education and training in both developed and developing countries in addressing rising inequality.

Earnings Inequality Within and Across Gender, Racial, and Ethnic Groups in Four latin Amercian Countries

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4./5 ( download)

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Book Synopsis Earnings Inequality Within and Across Gender, Racial, and Ethnic Groups in Four latin Amercian Countries by :

Download or read book Earnings Inequality Within and Across Gender, Racial, and Ethnic Groups in Four latin Amercian Countries written by and published by World Bank Publications. This book was released on with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries

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Publisher : International Monetary Fund
ISBN 13 : 147553695X
Total Pages : 31 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries by : Mr.Alberto Behar

Download or read book The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries written by Mr.Alberto Behar and published by International Monetary Fund. This book was released on 2013-02-26 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is skill-biased because skill-biased technologies are becoming relatively cheaper. Increased skill supply further biases technical change in favor of skilled labor. Free trade induces technology that favors skilled workers in skill-abundant developing countries and that favors unskilled workers in skill-scarce developing countries, and therefore amplifies the predicted wage effects of trade liberalization. These features aid our understanding of the observed rises in inequality within developing countries and the absence of a significant downward effect of expanded educational attainment on skill premia. They also help account for the large and differential effects of trade liberalization on inequality. These findings are pertinent for the Middle East and North Africa because of its recent increase in trade openness and remarkable rise in educational attainment.

The Oxford Handbook of Comparative Institutional Analysis

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Publisher : OUP Oxford
ISBN 13 : 0191613630
Total Pages : 728 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis The Oxford Handbook of Comparative Institutional Analysis by : Glenn Morgan

Download or read book The Oxford Handbook of Comparative Institutional Analysis written by Glenn Morgan and published by OUP Oxford. This book was released on 2010-04-08 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is increasingly accepted that 'institutions matter' for economic organization and outcomes. The last decade has seen significant expansion in research examining how institutional contexts affect the nature and behaviour of firms, the operation of markets, and economic outcomes. Yet 'institutions' conceal a multitude of issues and perspectives. Much of this research has been comparative, and followed different models such as 'varieties of capitalism', 'national business systems', and 'social systems of production'. This Handbook explores these issues, perspectives, and models, with the leading scholars in the area contributing chapters to provide a central reference point for academics, scholars, and students.

Trapped in Mediocrity

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Publisher : Rowman & Littlefield Publishers
ISBN 13 : 1442215496
Total Pages : 255 pages
Book Rating : 4.4/5 (422 download)

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Book Synopsis Trapped in Mediocrity by : Katherine Baird

Download or read book Trapped in Mediocrity written by Katherine Baird and published by Rowman & Littlefield Publishers. This book was released on 2012-08-09 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our students aren’t learning, we’re falling behind other countries, and many of our college graduates are even functionally illiterate. We offer our kids a weak and poorly thought out curriculum; too many teachers do not make good use of classroom time and follow lesson plans that are superficial and repetitive; almost all state governments define “proficiency” at low levels of competency; and because kids with very uneven skills populate a classroom, teachers spend considerable time on review before introducing new material. This dismal picture is tempered by the fact that the hard work and dedication of countless teachers and administrators means that many students get an excellent education. But it doesn’t temper it much. As a group, even our top students are not as strong as are those in a large majority of other rich countries. But it doesn’t have to be this way. Katherine Baird, an economist, starts by clearly spelling out how our educational system is trapped in mediocrity. Yet, she doesn’t just expose where we are. She identifies the steps to get out of the trap. We need to (1) dramatically reform our education’s governance structure, (2) establish high expectations for all students, (3) provide adequate support to meet those expectations, and (4) introduce strong incentives for students to work hard in school so they do their part in meeting higher standards. Clearly, it isn’t as simple as it sounds, but Baird carefully examines each factor that has led to the current state in education and then spells out how a combination of policies will weaken the forces that keep our schools mediocre and instead make them ones worth copying