Capital Concentration and Wage Inequality-Reference-Cited by-同舟云学术

Capital Concentration and Wage Inequality

Published:2019-11-15 Issue:1 Volume:20 Page:
ISSN:1935-1704
Container-title:The B.E. Journal of Theoretical Economics
language:en
Short-container-title:

Author:

Pi Jiancai¹,Fan Yanwei¹

Affiliation:

1. Department of Economics , Nanjing University , 22 Hankou Road , Nanjing 210093 , Jiangsu, China

Abstract

Abstract This paper analyzes how capital concentration affects wage inequality through the channel of financial frictions. Higher capital concentration can be regarded as the Piketty effect. Under the framework of cost constrained financial frictions, we find that higher capital concentration will expand (resp. narrow down) wage inequality if the asset-liability ratio in the skilled sector is high (resp. low) enough relative to that in the unskilled sector.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance

Link

https://www.degruyter.com/document/doi/10.1515/bejte-2019-0049/pdf

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