Tagged: redistribution

On the link between US pay and productivity - The Dismal Science

Paul Walker Feb 26, 2018

From VoxEU.org comes a column by Anna Stansbury and Lawrence Summers on the relationship between pay and productivity in the US. Since 1973, there has been divergence between labour productivity and the typical worker’s pay in the US as productivity has continued to grow strongly and growth in average compensation has slowed substantially. This … Read More

Wealth heritability - The Dismal Science

Eric Crampton Feb 27, 2015

Swedish income and wealth are strongly heritable, as measured by differences between monozygotic and dizygotic twin outcome variances.These patterns of correlations illustrate Turkheimer's (2000) three “laws” of behavior genetics, which are not theoretical necessities, but rather stylized facts that summarize the broad pattern of empirical findings in several decades of behavior genetics studies. The first law states that … Read More