How important is discount rate heterogeneity for wealth inequality?
In: Journal of economic dynamics & control, Band 31, Heft 9, S. 3042-3068
ISSN: 0165-1889
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In: Journal of economic dynamics & control, Band 31, Heft 9, S. 3042-3068
ISSN: 0165-1889
In: Journal of economic dynamics & control, Band 27, Heft 9, S. 1639-1662
ISSN: 0165-1889
In: American economic review, Band 92, Heft 1, S. 198-219
ISSN: 1944-7981
This paper offers new evidence on the sources of cross-country income differences. It exploits the idea that observing immigrant workers from different countries in the same labor market provides an opportunity to estimate their human-capital endowments. These estimates suggest that human and physical capital account for only a fraction of cross-country income differences. For countries below 40 percent of U.S. output per worker, less than half of the output gap relative to the United States is attributed to human and physical capital.
In: Journal of development economics, Band 61, Heft 2, S. 335-364
ISSN: 0304-3878
In: Journal of Monetary Economics, Band 43, Heft 2, S. 411-434
In: International Economic Review, Band 48, Heft 2, S. 421-456
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Working paper
In: Journal of Monetary Economics, Band 63, S. 19-36
In: Journal of monetary economics, Band 63, S. 19-36
In: CESifo Working Paper Series No. 4733
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Working paper
In: Journal of monetary economics, Heft 63, S. 19-36
ISSN: 0304-3932
In: CESifo Working Paper Series No. 4537
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Working paper
In: FRB St. Louis Working Paper No. 2022-26
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