The role of financial systems for cross-country differences in the link between income and consumption inequality

2016 ◽  
Vol 49 (24) ◽  
pp. 2365-2378
Author(s):  
Xinhua Gu ◽  
Yang Zhang ◽  
Xiao Chang
Keyword(s):  
Financial Systems ◽  
Country Differences ◽  
Cross Country

scholarly journals Human Capital and the Wealth of Nations

2014 ◽  
Vol 104 (9) ◽  
pp. 2736-2762 ◽  
Author(s):  
Rodolfo E. Manuelli ◽  
Ananth Seshadri
Keyword(s):  
Human Capital ◽  
Demographic Variables ◽  
Factor Productivity ◽  
Rates Of Return ◽  
Capital Theory ◽  
Country Differences ◽  
Cross Country ◽  
Wealth Of Nations

We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to vary across countries. Our model can explain differences in schooling and earnings profiles and, consequently, estimates of Mincerian rates of return across countries. We find that effective human capital per worker varies substantially across countries. Cross-country differences in Total Factor Productivity (TFP) are significantly smaller than found in previous studies. Our model implies that output per worker is highly responsive to changes in TFP and demographic variables. (JEL E23, I25, J24, J31, O47)

scholarly journals Cross-Country Differences in Productivity: The Role of Allocation and Selection

2013 ◽  
Vol 103 (1) ◽  
pp. 305-334 ◽  
Author(s):  
Eric Bartelsman ◽  
John Haltiwanger ◽  
Stefano Scarpetta
Keyword(s):  
Heterogeneous Firms ◽  
Fixed Capital ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
Country Differences ◽  
Cross Country

This paper investigates the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. Exploiting harmonized firm-level data for a number of countries, we show that there is substantial and systematic cross-country variation in the within-industry covariance between size and productivity. We develop a model in which heterogeneous firms face adjustment frictions (overhead labor and quasi-fixed capital) and distortions. The model can be readily calibrated so that variations in the distribution of distortions allow matching the observed cross-country moments. We show that the differences in the distortions that account for the size-productivity covariance imply substantial differences in aggregate performance. (JEL D24, L25, O47)

scholarly journals Cross-Country Differences in Productivity: The Role of Allocation and Selection

2009 ◽  
Author(s):  
Eric Bartelsman ◽  
John Haltiwanger ◽  
Stefano Scarpetta
Keyword(s):  
Country Differences ◽  
Cross Country

scholarly journals The Remains of the Socialist Legacy: The Influence of Socialist Socialization on Attitudes toward Income Inequality

Societies ◽  
2018 ◽  
Vol 8 (3) ◽  
pp. 62 ◽  
Author(s):  
Zsófia S. Ignácz
Keyword(s):  
Income Inequality ◽  
Social Inequality ◽  
Cohort Analysis ◽  
Substantial Effect ◽  
Social Survey ◽  
The Past ◽  
Country Differences ◽  
Cross Country ◽  
International Social

Despite convergence processes between Western and post-socialist societies in the past three decades, there are still considerable cross-country differences in individuals’ attitudes toward income inequality. To explain these differences, studies have primarily focused on the role of macro level differences and have only theoretically acknowledged how the role of diverging socialization experiences could also be responsible. To date, little is known about the importance of socialization for attitudes toward income inequality. This article assesses whether the differences between Western and post-socialist countries are influenced by socialization effects. Applying an adapted age-period-cohort analysis on the dataset of the International Social Survey Program’s (ISSP) “Social Inequality” module in survey years 1992, 1999, and 2009, the paper shows that socialization has a substantial effect on attitudes and a socialist socialization clearly differentiates individuals from post-socialist countries from Westerners. Results underline that experiences gained in formative years are crucial for attitudes. A further finding is that both perception and preferences toward income inequality are influenced by socialization.

Cross country differences in job reallocation: The role of industry, firm size and regulations

2014 ◽  
Vol 26 ◽  
pp. 11-25 ◽  
Author(s):  
John Haltiwanger ◽  
Stefano Scarpetta ◽  
Helena Schweiger
Keyword(s):  
Firm Size ◽  
Job Reallocation ◽  
Country Differences ◽  
Cross Country
Sign in / Sign up

Export Citation Format

Share Document