Income Inequality in the 21st Century -- A biased summary of Piketty's Capital in the Twenty-First Century
Capital usually leads to income, and income is more accurately and easily measured. Thus we summarize income distributions in USA, Germany, etc.
Capital in the Twenty-First Century
There has been a growing debate in the West, recently, about whether we are witnessing the phenomenon of technological unemployment caused by increasing automation in all spheres of economic activity, a form of unemployment that is distinct from cyclical unemployment, or structural unemployment caused by trade and globalisation, or even that existing in the form of a reserve army.
The effect of family size on parents' labor supply and occupational prestige: Evidence from Taiwan and Mainland China
Abstract This paper studies the effect of family size on parents' labor supply and occupational prestige, using the censuses of both Taiwan and Mainland China. We rely on the exogenous increase in child quantity that results from having twins at the first birth. Our results indicate that an increase in family size has negative effects on the labor supply of mothers, but not of fathers, in both Taiwan and Mainland China. In addition, we find that in Taiwan fathers tend to switch to occupations with lower prestige scores in response to an increase in family size. However, the negative effect of family size on occupational prestige is not observed in Mainland China, where the occupational mobility is low.