Abstract This paper studies the simultaneous effects of relocation production (as part globalization) and institutions on intra- inter-country wage inequality. Firstly, empirical evidence shows that labor unions act at decreasing inequality, but this shrinking effect tends to be mitigated by globalization. Theoretically, we study conditions under which is verified. Unskilled labor-intensive rel...

Introduction Income inequality between persons in the world as a whole can be conceptualized as composed of two elements. First there is inequality within nations or countries. Second, there is inequality between nations or countries, being defined as inequality between the average incomes of these different nations. Some inequality measures, such as the variance of log‐income, or the generaliz...

In this paper we use a class of stochastic functional Kolmogorov-type model with jumps to describe the evolutions of population dynamics. By constructing a special Lyapunov function, we show that the stochastic functional differential equation associated with our model admits a unique global solution in the positive orthant, and, by the exponential martingale inequality with jumps, we dis...