Similar Search Results

An exploratory analysis of the effect of current income on the relative change in aggregate consumption : a heterogeneous household approach

Chakrabarty, Manisha; Schmalenbach, Anke - 2001

This paper attempts to find out the explanatory power of observed changes in the distribution of current income in explaining the relative change in aggregate consumption using the distributional approach of aggregation by Hildenbrand and Kneip (1999, 2001). The coefficients in the aggregate...

Persistent link: https://www.econbiz.de/10011539659

Business cycle fluctuations and the distribution of consumption

De Giorgi, Giacomo; Gambetti, Luca - 2015

This paper sheds new light on the interactions between business cycles and the consumption distribution. We use Consumer Expenditure Survey data and a factor model to characterize the cyclical dynamics of the consumption distribution. We first establish that our approach is able to closely match...

Persistent link: https://www.econbiz.de/10010488288

The distribution of wealth and the marginal propensity to consume

Carroll, Chris; Slacalek, Jirka; Tokuoka, Kiichi; … - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 977-1020

degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in … the United States. The heterogeneity-augmented model’s predictions are consistent with microeconomic evidence that … macroeconomic models (even ones including some heterogeneity). The high MPC arises because many consumers hold little wealth despite …

Persistent link: https://www.econbiz.de/10011801783

Minimum wages in the presence of in-kind redistribution

Oikonomidēs, Geōrgios; Moutos, Thomas - 2017

To many economists the public's support for the minimum wage (MW) institution is puzzling, since the MW is considered a "blunt instrument" for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in ability. In the first model, the government does not...

Persistent link: https://www.econbiz.de/10011666043

Minimum wages in the presence of in-kind redistribution

Oikonomidēs, Geōrgios; Moutos, Thomas - 2017

Persistent link: https://www.econbiz.de/10011669528

Financial crisis and inequality in Hungary

Kónya, István - 2021

The goal of this paper is to analyze the connections Hungarian income and wealth distribution on the one hand, and the macroeconomics impactsof the global financial crisis of 2007-2008 on the other hand. To do this, I build a heterogenous agent, dynamic, general equilibrium model, which I...

Persistent link: https://www.econbiz.de/10012623745

On the interaction between minimum wage adoption and fiscal redistribution : a theoretical and empirical investigation

Oikonomidēs, Geōrgios; Kammas, Pantelis; Moutos, Thomas - 2020

We explain the public's support for the minimum wage (MW) institution despite economists' warnings that the MW is a "blunt instrument" for redistribution. To do so we build a model in which workers are heterogeneous in ability, and the government engages in redistribution through the public...

Persistent link: https://www.econbiz.de/10012229263

Labor income profiles are not heterogeneous : evidence from income growth rates

Hryshko, Dmytro - In: Quantitative economics : QE ; journal of the … 3 (2012) 2, pp. 177-209

heterogeneity in individual incomes and calibrating/estimating macromodels with incomplete insurance markets and heterogeneous …

Persistent link: https://www.econbiz.de/10011756817

Using Sentiment Surveys to Predict GDP Growth and Stock Returns

Guzman, Giselle - 2012

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

Persistent link: https://www.econbiz.de/10013110732

On the distributional properties of household consumption expenditures : the case of Italy

Fagiolo, Giorgio; Alessi, Lucia; Barigozzi, Matteo; … - 2007

than Gaussian ones. The emergence of this irreducible heterogeneity in statistical patterns casts some doubts on the …

Persistent link: https://www.econbiz.de/10003746056