Coordination, inclusiveness and wage inequality between median- and bottom-income workers

Median Income and Income Inequality : From 2000 and Beyond

The effect of wage growth caused by stock market liquidity on income inequality and poverty in developed and developed countries

One of the significant incentives of the investors to enter the capital market is to earn profits and finally increase wealth. However, one of the most important concerns of the investors while investing in the stock market is the liquidity of the stocks. Thus, the high liquidity of the stock market reduces the risk of non-liquidity of the stock, as well as reduces the cost of capital accumulat...

trade liberalization and wage inequality between urban and rural labor

this study examins effects of trade liberalization on the wage inequality between urban and rural labor by utilizing the data of micro-level households’ income and expenditures surveys and trade statistics over 2001-2011. the analysis is carried based on the heckscher–ohlin’s theory in international trade and baker’s taste discrimination theory at firms. we use quantile regression and ordinary ...

Capitalists, Workers and Managers: Wage Inequality and Effective Demand

We present a simple three-class model in the Kaleckian tradition to investigate the implications of a dominant managerial class class for the dynamics of demand and distribution. Managers are hired by capitalists to supervise workers, but supervision results in surplus extraction and wage inequality. The adjustment of capacity utilization to accommodate goods market disequilibrium produces two ...

What is the difference between controlling for mean versus median income in analyses of income inequality?

It is routine to control for “average” income when assessing the independent eVect of income inequality on health, but authors have used diVerent measures, for example, percentage poverty, per capita or mean income, and median income. 4 However, as the distribution of income in a population is always positively skewed (that is, a long thin tail for the few with high incomes), the median income ...