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Insecure resources, rent seeking, and wage inequality

Author

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  • Pi, Jiancai
  • Fan, Yanwei

Abstract

This paper explores how insecure resources affect skilled-unskilled wage inequality in the background of rent seeking. Through building the general equilibrium models embedded with contest success functions, we find that wage inequality is determined by the output elasticities of rent-seeking efforts and the capital intensities of different sectors, and that sometimes the threshold of insecure resources also plays an important role.

Suggested Citation

  • Pi, Jiancai & Fan, Yanwei, 2019. "Insecure resources, rent seeking, and wage inequality," International Review of Economics & Finance, Elsevier, vol. 61(C), pages 260-269.
    • Handle: RePEc:eee:reveco:v:61:y:2019:i:c:p:260-269
    DOI: 10.1016/j.iref.2019.02.010
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    Citations

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    Cited by:

    1. Jiancai Pi & Pengqing Zhang, 2020. "Organized crime and wage inequality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 67(3), pages 344-361, July.
    2. Jiancai Pi & Xiangyu Huang, 2021. "Product Variety and Wage Inequality," Annals of Economics and Finance, Society for AEF, vol. 22(1), pages 135-151, May.
    3. Sadeghi Amroabadi, Behrouz, 2022. "Analyzing the Asymmetric Cumulative Effects of Rentier State on Income Inequality in Mena Countries," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 9(3), pages 113-146, December.
    4. Pi, Jiancai & Fan, Yanwei, 2021. "Institutional change and wage inequality," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 440-452.
    5. Alvarado, Rafael & Tillaguango, Brayan & López-Sánchez, Michelle & Ponce, Pablo & Işık, Cem, 2021. "Heterogeneous impact of natural resources on income inequality: The role of the shadow economy and human capital index," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 690-704.

    More about this item

    Keywords

    Insecure resources; Wage inequality; Rent-seeking; Contest success function;
    All these keywords.

    JEL classification:

    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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