منابع مشابه
Exploring the Dynamics of Top Income Inequality
Top income inequality has risen sharply in the United States over the last 30 years but remained low and stable in economies like France and Japan. Why? This paper explores three theoretical mechanisms that endogenize the amount of top income inequality. The first model suggests that the rate of growth of top incomes is a key determinant. A rise in the returns to experience or an increase in ef...
متن کاملA Schumpeterian Model of Top Income Inequality
Top income inequality rose sharply in the United States over the last 35 years but increased only slightly in economies like France and Japan. Why? This paper explores amodel inwhich heterogeneous entrepreneurs, broadly interpreted, exert effort to generate exponential growth in their incomes. On its own, this force leads to rising inequality. Creative destruction by outside innovators restrain...
متن کاملIncome distribution inequality, globalization, and innovation: A general equilibrium simulation
Utilizing simulation approach, this paper examines if the income distribution inequality of a country expands through globalization and/or innovation, somewhat modifying the traditional Heckscher–Ohlin model. First, independently of innovation, the globalization is examined for a country A with two industries (commodities) and four consumers: the (aggregate) worker, the (aggregate) capitalist, ...
متن کاملThe Compression in Top Income Inequality during the 1940s
The 1940s were a decade of sharp contraction in wage inequality, particularly at the top of the distribution. We study this narrowing using a new dataset on the compensation of top executives. Relative to average earnings, median executive pay declined 0.34 log points from 1940 to 1949. We find that government regulation—including explicit salary restrictions and taxation—had, at best, a modest...
متن کاملCorrelation of Income Inequality and Entrepreneurial Activity
The fact of growth of inequality in distribution of income both inside the national economies and between the countries is confirmed by many empirical studies. In particular, these are annual reports of the World Bank, UNIDO and European Commission. The growth of inequality in distribution of income causes social tension inside the countries and promotes conflicts between the countries. Entrepr...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2617607