Posts by Adam Aboobaker
The Growth and Distribution research group at the GDI is hosting a conference on the future of development economics at the end of the year. Please consider submitting an abstract/paper (further details below). Keynotes by Ravi Kanbur and Anandi Mani.
blog.gdi.manchester.ac.uk/call-for-pap...
A new paper co-authored with Peter Skott. We study the recent compression of wage inequality in the US, with a critical outlook on ‘running the economy hot’ and Bidenomics.
A new paper co-authored with Peter Skott. We study the recent compression of wage inequality in the US, with a critical outlook on ‘running the economy hot’ and Bidenomics.
Peter Skott and I have a new paper exploring cyclical patterns of employment, wage inequality and the functional distribution of income postkeynesian.net/media/workin...
Main messages:
1/
Running the economy hot may be neither necessary nor sufficient, and in fact may be counterproductive to Left or progressive programmes. We might do better to focus our energies on decommodification and a wider set of actions that challenge the power of capital 6/
Punchlines: inequality is multidimensional; using tight labour markets alone to reduce inequality may backfire due to contrasting effects along multiple dimensions. We observe a positive correlation between the wage share and wage inequality empirically and in our simulation 5/
Multiple mechanisms explain these patterns: 1) differential rates of labour hoarding, 2) induced mismatch, 3) efficiency wage effects. We analyse the mechanisms in a static model and a simulation model of endogenous cycles 4/
ver the cycle between employment rates and the college/non-college relative wage in the US 3/
US data demonstrates a clockwise Goodwin pattern of unemployment and the wage share, reflecting shifting distribution along one dimension over the cycle 2/
Peter Skott and I have a new paper exploring cyclical patterns of employment, wage inequality and the functional distribution of income postkeynesian.net/media/workin...
Main messages:
1/