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dc.contributor.authorEdward, T. Huwen_US
dc.contributor.authorLücke, Matthiasen_US
dc.date.accessioned2011-12-21en_US
dc.date.accessioned2012-01-26T13:31:32Z-
dc.date.available2012-01-26T13:31:32Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/54941-
dc.description.abstractWe explore the uses of double-calibrated general equilibrium models as a decomposition tool for analysing contributory factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to start and end years, based upon an assumed functional form and parameter values, produces a consistent set of decompositions for both growth and inequality. Calibrated TFP growth is consistent with the results from nonparametric growth accounting. The calibration procedure also allows us to explore different exogeneity assumptions regarding capital. However, there are more problems to modelling inequality than with growth: in particular, the main models in the literature, which take skill endowments as given, are characteristically unstable. This strongly emphasises the need for a more dynamic modelling technique, particularly regarding the skill acquisition decision and potential labour market mismatch issues.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 1749en_US
dc.subject.jelC68en_US
dc.subject.jelF16en_US
dc.subject.jelO4en_US
dc.subject.ddc330en_US
dc.subject.keywordgeneral equilibriumen_US
dc.subject.keywordwage inequalityen_US
dc.subject.keywordtradeen_US
dc.subject.keywordgrowthen_US
dc.subject.stwLohnstrukturen_US
dc.subject.stwLohndifferenzierungen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwProduktivitäten_US
dc.subject.stwDekompositionsverfahrenen_US
dc.subject.stwOffene Volkswirtschaften_US
dc.subject.stwTheorieen_US
dc.titleDecompositions of wage inequality and growth in an advanced economy open to tradeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn680297871en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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Kieler Arbeitspapiere, IfW

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