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This study builds a unified non-parametric approach to predicting the unequal effects of trade shocks through both channels based on detailed microdata on spending and employment from the United States.
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For entrepreneurs and small business owners, housing is an important source of collateral for business loans. This paper explores the implications of changes in house prices for this sort of borrowing and for firm-level outcomes.
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A rapidly growing number of US cities have decided to set local minimum wages. Are minimum wages set at city level a good idea? This study examines the main trade-offs emerging from the local variation in minimum wage policies.
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How does technological change affect wealth accumulation and inequality of total (i.e. labour and capital) income over time? This paper focuses on automation – a capital intensive form of technological change.
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The optimal tax system amplifies the redistributive effects of prices rather than offsetting them, and that this amplification is stronger when we consider the endogenous response of markets.
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To address the question of the role of technology and institutions in the emergence of persistent wealth inequality in human societies, this study uses 9,000 years of archaeological records.
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This paper explores cases in which people are connected via social and economic networks and how these affect the equilibrium degree of inequality among the network participants.
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Addressing the problem of how to close the gap in university participation between rich and poor students, this paper shows that providing correct information about their university admission chances when introducing preferential admissions can lead to a pool of college entrants that is better-prepared.
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A glitch with the standard algorithm stimulated a broader question: Is there an inequality measure that both captures how people experience economic disparities and independently of the number of wealth holders, is not downward-biased?
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Using a database of four decades of research from 1960, this study finds that economics lags far behind the disciplines of sociology and political science in publishing research related to racial differences.
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