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Essays In Inequality And Equilibrium
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Book Synopsis Essays in Inequality and Equilibrium by : James Eric Foster
Download or read book Essays in Inequality and Equilibrium written by James Eric Foster and published by . This book was released on 1982 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Equilibrium Unemployment and Wage Inequality by : Lucas Aurelio Navarro
Download or read book Essays on Equilibrium Unemployment and Wage Inequality written by Lucas Aurelio Navarro and published by . This book was released on 2005 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Poverty, Inequality and Development by : Alain de Janvry
Download or read book Poverty, Inequality and Development written by Alain de Janvry and published by Springer Science & Business Media. This book was released on 2006-06-09 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays honors a remarkable man and his work. Erik Thorbecke has made significant contributions to the microeconomic and the macroeconomic analysis of poverty, inequality and development, ranging from theory to empirics and policy. The essays in this volume display the same range. As a collection they make the fundamental point that deep understanding of these phenomena requires both the micro and the macro perspectives together, utilizing the strengths of each but also the special insights that come when the two are linked together. After an overview section which contains the introductory chapter and a chapter examining the historical roots of Erik Thorbecke's motivations, the essays in this volume are grouped into four parts, each part identifying a major strand of Erik's work—Measurement of Poverty and Inequality, Micro Behavior and Market Failure, SAMs and CGEs, and Institutions and Development. The range of topics covered in the essays, written by leading authorities in their own areas, highlight the extraordinary depth and breadth of Erik Thorbecke's influence in research and policy on poverty, inequality and development. Acknowledgements These papers were presented at a conference in honor of Erik Thorbecke held at Cornell University on October 10-11, 2003. The conference was supported by the funds of the H. E. Babcock Chair in Food, Nutrition and Public Policy, and the T. H. Lee Chair in World Affairs at Cornell University.
Book Synopsis Egalitarian Perspectives by : John E. Roemer
Download or read book Egalitarian Perspectives written by John E. Roemer and published by Cambridge University Press. This book was released on 1996-09-28 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fifteen essays, written over the past dozen years, explore contemporary philosophical debates on egalitarianism, using the tools of modern economic theory, general equilibrium theory, game theory, and the theory of mechanism design.
Book Synopsis Essays in Economic Theory (Routledge Revivals) by : Vincent Crawford
Download or read book Essays in Economic Theory (Routledge Revivals) written by Vincent Crawford and published by Routledge. This book was released on 2015-08-11 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, "Learning Behavior and the Noncooperative Equilibrium", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, "A Game of Fair Division", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternatives to existing methods. It studies in detail one such simple method: the classical "divide-and-choose" procedure. This book will be of interest to students of economics.
Book Synopsis General Equilibrium, Growth, and Trade by : Lionel W. McKenzie
Download or read book General Equilibrium, Growth, and Trade written by Lionel W. McKenzie and published by New York : Academic Press. This book was released on 1979 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Inequality and Stagnation by : Troy Alexander Ludtka
Download or read book Essays on Inequality and Stagnation written by Troy Alexander Ludtka and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research develops a framework that identifies the costs and causes of rising trends of inequality. Inequality is shaped by exogenous overarching trends, which incentivize market structure dynamism. Shifts in exogenous trends lead to microeconomic reaction that manifest with increased inequality. It isshown that inequality is functionally recursive meaning a domino effect will occur when unprecedented incipient policy induces breaks in macro trends. Partially corrective feedbacks manifest in the form of increased exports, which originate from the exercise of economies of scale occurring in a dynamic industrial organization. This feedback, however, is unilaterally sufficient to restore growth equilibrium. Growth levels short of the restoration or increase in ex ante group distribution—contribute to debt overhang and thereby investment shortfall. The cascading consequences of increased inequality are shown to force macro stagnation. This research structures the analysis around a C+I+G framework to explain stagnation and its amelioration.
Book Synopsis Essays on the Macroeconomics of Inequality by : Zsofia Luca Barany
Download or read book Essays on the Macroeconomics of Inequality written by Zsofia Luca Barany and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis contains three essays on the macroeconomics of inequality. The first chapter analyses the effects of minimum wages on inequality. While there has been intense debate in the empirical literature about the effects of minimum wages on inequality in the US, its general equilibrium effects have been given little attention. In order to quantify the full effects of a decreasing minimum wage on inequality, I build a dynamic general equilibrium model, based on a two-sector growth model where the supply of high-skilled workers and the direction of technical change are endogenous. I find that a permanent reduction in the minimum wage leads to an expansion of low-skilled employment, which increases the incentives to acquire skills, thus changing the composition and size of high-skilled employment. These permanent changes in the supply of labour alter the investment ow into R & D, thereby decreasing the skill-bias of technology. The reduction in the minimum wage has spill-over effects on the entire distribution, affecting upper-tail inequality. Through a calibration exercise, I find that a 30 percent reduction in the real value of the minimum wage, as in the early 1980s, accounts for 15 percent of the subsequent rise in the skill premium, 18.5 percent of the increase in overall inequality, 45 percent of the increase in inequality in the bottom half, and 7 percent of the rise in inequality at the top half of the wage distribution. In the second chapter, I construct a model, where the supply of skills and the skill premium can increase jointly, as occurred in the US over the past few decades. I high- light the importance of the joint determination of the direction of technical change and skill formation. There is a positive feedback between these two variables. Technological progress is driven by profit oriented R & D firms, where profits are increasing in the amount of labour that is able to use these technologies. Therefore, when the supply of high-skilled 3labour increases, technology endogenously becomes more skill-biased. A more skill-biased technology leads to a higher skill premium, which increases the incentives to acquire educa- tion, and the supply of high-skilled labour rises. During the transition to the steady state, both quantities increase simultaneously. I map the dependence of the transition path of the economy on the initial skill supply and relative technology between the high- and the low-skilled sector. I find that, contrary to the previous literature, the skill premium and the skill supply can increase jointly even if the bias of technology is weak. In the third chapter, I relate the degree of progressivity of the income tax scheme to the prevailing income inequality in the society. I find that, consistent with the data, more unequal societies implement more progressive income tax systems. I build a model of political coalition formation, where different income groups have to agree on a tax scheme to finance the public good. I show that, the greater income inequality is, i.e. the further away the rich are from the rest of the population, the less able they are to credibly commit to participating in a coalition. Therefore, as income inequality rises, the rich are increasingly excluded from the design of the income tax scheme. Consequently, the rich bear a larger fraction of the public good, and the tax system becomes more progressive.
Book Synopsis Essays on the Political Economy of Inequality, Redistribution and Growth by : Francisco Rafael Rodriguez Caballero
Download or read book Essays on the Political Economy of Inequality, Redistribution and Growth written by Francisco Rafael Rodriguez Caballero and published by . This book was released on 1998 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Idea of Natural Inequality and Other Essays by : André Béteille
Download or read book The Idea of Natural Inequality and Other Essays written by André Béteille and published by . This book was released on 2003 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume deal with various aspects of inequality with special reference to contemporary India, viewed in a comparative perspective.
Book Synopsis Essays on Matching and Wage Inequality by : Son Le
Download or read book Essays on Matching and Wage Inequality written by Son Le and published by . This book was released on 2019 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent empirical analyses emphasize the essential role of within-firm heterogeneity, between-firm heterogeneity, and the firm size distribution in explaining wage inequality trends. We propose a frictionless matching model that simultaneously allows for within-firm heterogeneity, between-firm heterogeneity, and firm size distribution in a general equilibrium framework. Endowed with different production technologies, firms make decisions on the distribution of workers and the number of workers to hire according to endogenous market wages. The first welfare theorem, the second welfare theorem, and a sufficient continuity condition that guarantees both welfare theorems apply are established. The concepts of pure matching and assortative matching are generalized for this model. We define a generalized version of the twist condition and a notion of complementarity between worker types and firm types which are sufficient for pure matching and assortative matching respectively. The effect of technological change is decomposed into the substitution effect and the size effect. The substitution effect measures the change in equilibrium not allowing the firm size distribution to adjust. The size effect component in our decomposition is a new factor which measures the additional effect on equilibrium when there is an interaction between the quality choice of workers and the quantity choice of workers in a general equilibrium setting. Functional forms of production technologies allow us to analyze the substitution effect and the size effect of technological change both qualitatively and quantitatively using sector-level data. The model explains 25% of the changes in within-sector wage inequality between 1980 and 2016.
Book Synopsis Acceptable Inequalities by : Ian Bowen
Download or read book Acceptable Inequalities written by Ian Bowen and published by . This book was released on 1970 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Wage Inequality and Economic Growth by : Jin-tae Hwang
Download or read book Essays on Wage Inequality and Economic Growth written by Jin-tae Hwang and published by . This book was released on 2008 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Two Further Essays on Equilibrium by : Victoria Chick
Download or read book Two Further Essays on Equilibrium written by Victoria Chick and published by . This book was released on 1998 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Flawed Foundations of General Equilibrium Theory by : Frank Ackerman
Download or read book The Flawed Foundations of General Equilibrium Theory written by Frank Ackerman and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis No Growth Without Equity? by : Santiago Levy
Download or read book No Growth Without Equity? written by Santiago Levy and published by World Bank Publications. This book was released on 2009 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the relationship between equity and growth in Mexico. It looks at how specific inequalities in power, wealth and status have created and sustained economic institutions and policies that both tend to perpetuate these inequalities and are sources of inefficiences in the economy.
Book Synopsis The Quality of Society, Volume III by : Adolfo Figueroa
Download or read book The Quality of Society, Volume III written by Adolfo Figueroa and published by Springer Nature. This book was released on 2023-10-29 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains another set of essays dealing with the fundamental economic problems of our time: inequality, environment degradation, and social disorder, which are analyzed in light of the unified theory of capitalism. This theory is a scientific endeavor that seeks to explain the capitalist system taken by parts and then taken as a whole, as a unified theory. By parts, the theory analyzes the First World and the Third World and also the short run, long run, and very long run economic processes, showing why and how economic growth has led to a new epoch, with ecological equilibrium disruption, known as the Anthropocene Age. The empirical predictions of the theory are proven to be consistent with the available facts. Therefore, the theory can be accepted as a good representation of the real-world capitalism; moreover, its derived causality relations become inputs for the debate on the needed science-based policies for the new age. Indeed, this book proposes structural policies to change the way capitalism operates, through changes in its basic institutions, mainly the electoral democracy, which would certainly imply a re-foundation of the capitalist system.