Artikel
Inequality and employment
Natural rate theory has dominated interpretations of economic trends and policy prescriptions over many decades, as economists contrasted high unemployment and lower inequality in Europe with the great American job machine. This paper discusses the relationship between skill structure and wage distributions and investigates the claim that inequality creates incentives which facilitate human capital formation. The big tradeoff between efficiency and inequality is dismissed as a fallacy, as it is demonstrated that redistribution lays the foundation for human capital investment rather than impeding it.
- Language
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Englisch
- Bibliographic citation
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Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 47 ; Year: 2012 ; Issue: 5 ; Pages: 282-291 ; Heidelberg: Springer
- Classification
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Wirtschaft
- Subject
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Natürliche Arbeitslosigkeit
Humankapital
Soziale Ungleichheit
Lohndifferenzierung
Qualifikation
Deutschland
USA
- Event
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Geistige Schöpfung
- (who)
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Schettkat, Ronald
- Event
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Veröffentlichung
- (who)
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Springer
- (where)
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Heidelberg
- (when)
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2012
- DOI
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doi:10.1007/s10272-012-0429-4
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Schettkat, Ronald
- Springer
Time of origin
- 2012
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