Franco Modigliani , Jean Paul Fitoussi , Beniamino Moro , Dennis Snower , Robert Solow , Alfred Steinherr , Paolo Sylos Labini
{"title":"An economists' Manifesto on unemployment in the European Union","authors":"Franco Modigliani , Jean Paul Fitoussi , Beniamino Moro , Dennis Snower , Robert Solow , Alfred Steinherr , Paolo Sylos Labini","doi":"10.1016/S0926-6437(99)00006-2","DOIUrl":"https://doi.org/10.1016/S0926-6437(99)00006-2","url":null,"abstract":"<div><p>This Manifesto challenges a pernicious orthodoxy that has gripped Europe's policy makers. It is that demand and supply side policies must have different aims, that a limited number of supply side policies are to be devoted to fighting unemployment, and that demand management (and particularly monetary policy) is to be devoted solely to fighting inflation.</p><p>We are confident that if our proposals are given proper attention by governments and monetary authorities, unemployment can be reduced significantly in a matter of a few years.</p></div>","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"8 2","pages":"Pages 163-187"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0926-6437(99)00006-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91721856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The growth in U.S. male earnings inequality Changing wage rates or working time?","authors":"Robert H. Haveman , Larry Buron","doi":"10.1016/S0926-6437(99)00004-9","DOIUrl":"https://doi.org/10.1016/S0926-6437(99)00004-9","url":null,"abstract":"<div><p>Increasing earnings inequality among working-age males since the early 1970s has been documented in several studies, some of which have also apportioned the change due to the inequality in wage rates and working time. This study presents an alternative decomposition using earnings capacity and earnings capacity utilization. We find that increases in the inequality of working time accounts for at least 30 percent and perhaps, as much as 60 percent of the increase in earnings inequality. We also show the sensitivity of measures of earnings inequality and its determinants to the exclusion of jobless males from the estimation.</p></div>","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"8 2","pages":"Pages 255-276"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0926-6437(99)00004-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90027514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dynamics of Income Inequality in Sweden","authors":"Sourushe Zandavkili, B. Gustafsson","doi":"10.1016/S0926-6437(99)00007-4","DOIUrl":"https://doi.org/10.1016/S0926-6437(99)00007-4","url":null,"abstract":"","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"4 1","pages":"189-206"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81058898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cambridge Distribution in a World Economy","authors":"J. O'connell","doi":"10.1016/S0926-6437(99)00003-7","DOIUrl":"https://doi.org/10.1016/S0926-6437(99)00003-7","url":null,"abstract":"","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"24 1","pages":"225-233"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86950403","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cambridge distribution in a world economy","authors":"Joan O'Connell","doi":"10.1016/S0926-6437(99)00003-7","DOIUrl":"https://doi.org/10.1016/S0926-6437(99)00003-7","url":null,"abstract":"<div><p>The article outlines a two-country Cambridge model of growth and distribution. The condition for the Cambridge equation to apply to the world economy is outlined. When this is satisfied, a dual theorem holds in one of the two countries, and the country with the greater aggregate savings ratio is in current account surplus. The original Cambridge model was formulated as a means of equating the warranted and natural growth rates of both Harrod and Domar for the case of a closed economy. Thus, the world version is a method of satisfying Harrod's requirement that his model be capable of extension so as to include foreign trade.</p></div>","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"8 2","pages":"Pages 225-233"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0926-6437(99)00003-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91721853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Modeling wage inequality in the U.S. as conditional variation: A time series approach","authors":"Lonnie K Stevans Ph.D.","doi":"10.1016/S0926-6437(99)80007-9","DOIUrl":"10.1016/S0926-6437(99)80007-9","url":null,"abstract":"<div><p>In this paper, we argue that wage volatility is a good proxy for wage inequality because of the strong and lagged correlation between the two. For six industry categories, inequality is modeled as a conditional variance process over the period 1964–1988. It is modified to allow for explanatory variables that have a robust theoretical basis for inclusion as determinants of wage inequality. One of the major findings is the identification of the major contributors to rising U.S. wage inequality in the 1980s: the declining real value of the minimum wage, the loss of collective bargaining gains by labor, and immigration.</p></div>","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"8 1","pages":"Pages 107-129"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0926-6437(99)80007-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78819717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Population trends, employment levels, economic performance, and income evolution in East and West Germany since unification","authors":"Klaus-Dietrich Bedau","doi":"10.1016/S0926-6437(99)00008-6","DOIUrl":"https://doi.org/10.1016/S0926-6437(99)00008-6","url":null,"abstract":"","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"89 1","pages":"207-223"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84948232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Wives' earnings and the level and distribution of married couples' earnings in developed countries","authors":"Maria Cancian, Robert F. Schoeni","doi":"10.1016/S0926-6437(99)80003-1","DOIUrl":"10.1016/S0926-6437(99)80003-1","url":null,"abstract":"<div><p>This study examines the contribution of wives' earnings to the distribution of married couples' earnings in 10 developed countries. There is substantial variation among countries in wives' labor force participation, the relative earnings of husbands and wives, the distribution of earnings, and the correlation of spouses' earnings. Even though these countries differ on these dimensions, wives' earnings mitigate inequality in the earnings of married couples. For the countries we are able to analyze over time, the labor force participation of wives married to high earning husbands increased more than the labor force participation of wives married to middle-earning men. Despite this trend, the mitigating effect of wives' earnings actually increased slightly in all countries examined. Moreover, all other things equal, the correlation of spouses' earnings would have to experience an unprecedented increase in order for wives' earnings to become disequalizing.</p></div>","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"8 1","pages":"Pages 45-61"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0926-6437(99)80003-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73698097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unemployment in Europe","authors":"J. Linden","doi":"10.1016/S0926-6437(99)00010-4","DOIUrl":"https://doi.org/10.1016/S0926-6437(99)00010-4","url":null,"abstract":"","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"149 1","pages":"157-161"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75960906","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Poverty measurement in the European Union: Country-specific or Union-wide poverty lines?","authors":"Klaas de Vos, M. Asghar Zaidi","doi":"10.1016/S0926-6437(99)80005-5","DOIUrl":"10.1016/S0926-6437(99)80005-5","url":null,"abstract":"<div><p>In discussions about poverty in the Member States of the European Union, a distinction can be made between researchers and policy makers who argue for one common Unionwide poverty line for all Member States and those who prefer country-specific poverty lines. This paper contributes to this debate by presenting empirical results of a research project carried out within the Poverty-3 programme of the European Commission. The arguments to use country-specific poverty lines appear to be more convincing. The results show that the application of Union-wide poverty lines does not only affect the incidence of poverty, but also alters the relative ranking of the Member States. More importantly, the distribution of the poor population across these countries is affected. In most cases, the groups identified as risk groups according to the Union-wide poverty lines are the same as those based on the country-specific poverty lines.</p></div>","PeriodicalId":100788,"journal":{"name":"Journal of Income Distribution","volume":"8 1","pages":"Pages 77-92"},"PeriodicalIF":0.0,"publicationDate":"1998-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S0926-6437(99)80005-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76815782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}