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  1. Ups and downs in finance, ups without downs in inequality

    The upswing in finance over the past several decades has led to rising inequality, but do downswings in finance lead to a symmetric decline in inequality? In this paper, we analyze the asymmetry of the effect of ups and downs in financial markets, as... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 485
    keine Fernleihe
    Universitätsbibliothek Mannheim
    keine Fernleihe
    Mannheimer Zentrum für Europäische Sozialforschung, Bibliothek
    WP/Online
    keine Fernleihe

     

    The upswing in finance over the past several decades has led to rising inequality, but do downswings in finance lead to a symmetric decline in inequality? In this paper, we analyze the asymmetry of the effect of ups and downs in financial markets, as well as the effect of increased capital requirements and the bonus cap on national earnings inequality. We use administrative employer-employee linked data on earnings from 1990 to 2017 for twelve countries. Additionally, we use data on earnings from bank reports, from 2009 to 2017 in thirteen European countries. We find a strong asymmetry in the effects of financial ups and downs on earnings inequality, a mitigating effect of rising capital requirements on the contribution of finance to inequality, and a restructuring effect of the bonus cap for the earnings of financiers, while neither policy affects absolute levels of earnings inequality.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/247780
    Schriftenreihe: MaxPo discussion paper ; no. 21, 2
    Schlagworte: inequality; finance; financial crisis; regulation
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  2. The great separation
    top earner segregation at work in high-income countries

    Analyzing linked employer-employee panel administrative databases, we study the evolving isolation of higher earners from other employees in eleven countries: Canada, Czechia, Denmark, France, Germany, Hungary, Japan, Norway, Spain, South Korea, and... mehr

    Bundesverfassungsgericht, Bibliothek
    KL/XG 871
    uneingeschränkte Fernleihe, Kopie und Ausleihe
    Institut für Politikwissenschaft, Bibliothek
    C b 1521
    keine Ausleihe von Bänden, nur Papierkopien werden versandt

     

    Analyzing linked employer-employee panel administrative databases, we study the evolving isolation of higher earners from other employees in eleven countries: Canada, Czechia, Denmark, France, Germany, Hungary, Japan, Norway, Spain, South Korea, and Sweden. We find in almost all countries a growing workplace isolation of top earners and dramatically declining exposure of top earners to bottom earners. We compare these trends to segregation based on occupational class, education, age, gender, and nativity, finding that the rise in top earner isolation is much more dramatic and general across countries. We find that residential segregation is also growing, although more slowly than segregation at work, with top earners and bottom earners increasingly living in different distinct municipalities. While work and residential segregation are correlated, statistical modeling suggests that the primary causal effect is from work to residential segregation. These findings open up a future research program on the causes and consequences of top earner segregation.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: MaxPo discussion paper ; no. 20/3
    Umfang: IV, 69 Seiten, Diagramme
  3. The great separation
    top earner segregation at work in high-income countries

    Analyzing linked employer-employee panel administrative databases, we study the evolving isolation of higher earners from other employees in eleven countries: Canada, Czechia, Denmark, France, Germany, Hungary, Japan, Norway, Spain, South Korea, and... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    keine Fernleihe
    Bundesverfassungsgericht, Bibliothek
    Online-Ressource
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 485
    keine Fernleihe
    Universitätsbibliothek Mannheim
    keine Fernleihe
    Mannheimer Zentrum für Europäische Sozialforschung, Bibliothek
    WP/Online
    keine Fernleihe

     

    Analyzing linked employer-employee panel administrative databases, we study the evolving isolation of higher earners from other employees in eleven countries: Canada, Czechia, Denmark, France, Germany, Hungary, Japan, Norway, Spain, South Korea, and Sweden. We find in almost all countries a growing workplace isolation of top earners and dramatically declining exposure of top earners to bottom earners. We compare these trends to segregation based on occupational class, education, age, gender, and nativity, finding that the rise in top earner isolation is much more dramatic and general across countries. We find that residential segregation is also growing, although more slowly than segregation at work, with top earners and bottom earners increasingly living in different distinct municipalities. While work and residential segregation are correlated, statistical modeling suggests that the primary causal effect is from work to residential segregation. These findings open up a future research program on the causes and consequences of top earner segregation.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch; Französisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/222458
    Schriftenreihe: MaxPo discussion paper ; no. 20/3
    Umfang: 1 Online-Ressource (IV, 69 Seiten), Diagramme
    Bemerkung(en):

    Gesehen am 18.08.2020

    Text englisch; Zusammenfassung in englischer und französischer Sprache