"In this accessible appraisal of contemporary globalization, Steger draws on global theory and history to engage pressing issues such as digitization, ideological polarization, education, demographics, development, and the environment. This big-picture view supports the practical efforts of...

This paper proposes latent factor models for multidimensional panels called 3D-PCA. Factor weights are constructed from a small set of dimension-specific building blocks, which give rise to proportionality restrictions of factor weights. While the set of feasible factors is restricted, factors...

This study investigates the dynamics of between-group and within-group wage inequality in a model with heterogeneous learning abilities putting a key emphasis on the shape of the ability distribution. In our model, intergenerational human capital externalities incentivize individuals to invest...