A carregar...
Publicação
Skill-biased technological change and inequality in the U.S.
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 750.47 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
Since the 1980’s, income inequality has increased markedly and is at the highest level ever since it has been recorded in the U.S. This paper uses an overlapping-generations model with incomplete markets that allows for household heterogeneity and that is calibrated to match the U.S. economy with the purpose to study how skill-biased technological change (SBTC) and changes in taxation quantitatively account for the increase in inequality from 1980 to 2010. We find that SBTC and taxation decrease account for 48% of the total increase in the income Gini coefficient. In particular, we conclude that SBTC alone accounted for 42% of the overall increase in income inequality, while changes in the progressivity of the income tax schedule alone accounted for 5,7%.
Descrição
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics
Palavras-chave
Technical change Income inequality Wealth inequality Heterogeneity Taxation JEL Codes E21 J10