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dc.contributor.authorEdward, T. Huwen
dc.contributor.authorLücke, Matthiasen
dc.date.accessioned2011-12-21-
dc.date.accessioned2012-01-26T13:31:32Z-
dc.date.available2012-01-26T13:31:32Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1749en
dc.subject.jelC68en
dc.subject.jelF16en
dc.subject.jelO4en
dc.subject.ddc330en
dc.subject.keywordgeneral equilibriumen
dc.subject.keywordwage inequalityen
dc.subject.keywordtradeen
dc.subject.keywordgrowthen
dc.subject.stwLohnstrukturen
dc.subject.stwLohndifferenzierungen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwProduktivitäten
dc.subject.stwDekompositionsverfahrenen
dc.subject.stwOffene Volkswirtschaften
dc.subject.stwTheorieen
dc.titleDecompositions of wage inequality and growth in an advanced economy open to trade-
dc.typeWorking Paperen
dc.identifier.ppn680297871en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1749en

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