| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4435 |
| DP4435 Reversing the Perspective: Multinationals from Middle-Income Countries | |
| Peter Debaere | |
| 发表日期 | 2004-06-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Economists have long viewed recessions as contributing to increasing inequality. This conclusion is largely based on data from a period in which inequality was increasing over time, however. This Paper examines the connection between long-run trends and cyclical variation in earnings inequality. We develop a model in which cyclical and trend inequality are related, and find that in our model, recessions tend to amplify long-run trends, i.e. they involve more rapidly increasing inequality when long-run inequality is increasing, and more rapidly decreasing inequality when long-run inequality is decreasing. In support of this prediction, we present evidence that during the first half of the 20th century when earnings inequality was generally declining, earnings disparities indeed appeared to fall more rapidly in downturns, at least among workers at the top of the earnings distribution. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycles Great depression Wage inequality Income inequality Human capital Stochastic ben porath model |
| URL | https://cepr.org/publications/dp4435 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533388 |
| 推荐引用方式 GB/T 7714 | Peter Debaere. DP4435 Reversing the Perspective: Multinationals from Middle-Income Countries. 2004. |
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