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Previous theoretical and computational analyses demonstrate that uncorrelated variations in individual asset returns promote extreme inequality in financial wealth. This paper describes a standard individual-based computational model of this financial accumulation process and then extends it in...
We find that routine-biased technological change decreases the employment-to-population ratio of foreign-born population over the last three decades (1980–2010). This impact is greater for foreign-born population with lower English proficiency. As computerization and automation substitute for...
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