a. Technological Change
b. Globalization
c. Other Contributing Causes
a. Decline of Labour Unions
b. The “Gig” Economy
c. Executive Compensation
d. Superstar Theory
e. The Piketty Argument
3. Policy Implications
a. Does It Matter?
b. What Can Governments Do?
F. Summary
- 14.1 Wage Differentials LO 1, 2
- 14.2 Labour Unions LO 3
- 14.3 Income Inequality LO 4
G. Key Concepts
H. Study Exercises - Fill-in-the-Blank
- Review
- Problems
- 15 Interest Rates and the Capital Market
A. Chapter Outline
B. Learning Objectives (LO)
C. 15.1 A Brief Overview of the Capital Market
D. 15.2 Present Value - The Present Value of a Single Future Sum
a. One Period in the Future