| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17113 |
| DP17113 Misallocation and Inequality | |
| Nezih Guner; Alessandro Ruggieri | |
| 发表日期 | 2022-03-23 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | For a large set of countries, we document how the labor earnings inequality varies with GDP per capita. As countries get richer, the mean-to-median ratio and the Gini coefficient decline. Yet, this decline masks divergent patterns: while inequality at the top of the earnings distribution falls, inequality at the bottom increases. We interpret these facts within a model economy with heterogeneous workers and firms, featuring industry dynamics, search and matching frictions, and skill accumulation of workers through learning-by-doing and on-the-job training. The benchmark economy is calibrated to the UK. We then study how the earnings distribution changes with distortions that penalize high-productivity firms and frictions that reduce match formation. Distortions and frictions reduce employment, average firm size, and GDP per capita. They also affect how much firms are willing to pay workers, how well high-skill workers are matched with high-productivity firms, and how much training workers receive. The model generates the observed cross-country relation between GDP per capita and earnings inequality, as well as a host of cross-country facts on firm size distribution, firms' training decisions, and workers' life-cycle and job tenure earnings profiles. |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| 关键词 | Earnings inequality Labor market frictions Correlated distortions Human capital On-the-job training Productivity Firm size Life-cycle earning profiles |
| URL | https://cepr.org/publications/dp17113-1 |
| 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/546112 |
| 推荐引用方式 GB/T 7714 | Nezih Guner,Alessandro Ruggieri. DP17113 Misallocation and Inequality. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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