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range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on …; it offers granular descriptions of income inequality and income dynamics for finely defined subpopulations; and it is … and presents a set of global trends in income inequality and income dynamics across the 13 countries that are currently in …
Persistent link: https://www.econbiz.de/10013388880
should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers …. Estimated at the national level, I show that minimum wages---together with supply and demand---play a central role in shaping … document the dynamic impact of the minimum wage over the full wage distribution: on impact, wages rise only for the lowest …
Persistent link: https://www.econbiz.de/10014247949
We evaluate the aggregate, distributional and welfare consequences of alternative government education policies to encourage college completion, such as making college free and improving funding for public schooling. To do so, we construct a general equilibrium overlapping generations model with...
Persistent link: https://www.econbiz.de/10014544745
This paper studies intergenerational mobility--the transmission of family influence. We develop and estimate measures of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life-cycle trajectories, uncertainty, and credit constraints....
Persistent link: https://www.econbiz.de/10013388767
trait, beauty, to infer the extent to which parents' physical characteristics transmit inequality across generations …
Persistent link: https://www.econbiz.de/10014468285
inequality, and the racial wealth gap. The results show that inflation boosted the real income of the middle wealth quintile by a … income. Inflation also boosted mean and especially median real wealth growth, reduced wealth inequality, and lowered the …
Persistent link: https://www.econbiz.de/10014421200
essentially matches the empirical lifetime earnings inequality--a first-order proxy for consumption inequality--whereas the …
Persistent link: https://www.econbiz.de/10014528338
in earnings inequality in the United States. This paper shows that a distinct cross-cohort pattern drives this rise … inequality. Second, cohort effects imply a slow diffusion of inequality: we expect inequality to continue to rise as older and … that this momentum could be substantial with increases in between-firm inequality in the next two decades almost as large …
Persistent link: https://www.econbiz.de/10014226174
constant correction to survey-derived inequality estimates. Underreporting of income by the bottom 50% of the world income … and inequality have declined dramatically between 1980 and 2019. Finally, we find that within-country inequality is …
Persistent link: https://www.econbiz.de/10014512057
Top income inequality in the United States has increased considerably within occupations. This phenomenon has led to a … search for a common explanation. We instead develop a theory where increases in income inequality originating within a few … provides non-divisible services to consumers, with physicians our prime example. Examining local income inequality across U …
Persistent link: https://www.econbiz.de/10014322754