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Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

Heathcote, Jonathan; Perri, Fabrizio; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2009

We conduct a systematic empirical study of cross-sectional inequality in the United States, integrating data from the … Finances. In order to understand how different dimensions of inequality are related via choices, markets, and institutions, we … wage inequality over the sample period. Changes in the distribution of hours worked sharpen the rise in earnings inequality …

Persistent link: https://www.econbiz.de/10008496450

The Effects of Technical Change on Labour Market Inequalities

Hornstein, Andreas; Krusell, Per; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2005

In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …

Persistent link: https://www.econbiz.de/10005504683

Consumption and Labour Supply with Partial Insurance: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2007

over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …

Persistent link: https://www.econbiz.de/10005114147

The Replacement Problem in Frictional Economies: An 'Equivalence Result'

Hornstein, Andreas; Krusell, Per; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2005

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching …, and (ii) the total amount of wage inequality generated by frictions is very small. We explain these findings in light of …

Persistent link: https://www.econbiz.de/10005666592

General Purpose Technology and Within-Group Inequality

Aghion, Philippe; Howitt, Peter; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2000

inequality when workers are ex-ante equal, but their adaptability to new technologies is subject to stochastic factors that are … the demand for adaptable workers. In the model the rise in within-group inequality is mainly transitory, and is mirrored …

Persistent link: https://www.econbiz.de/10005791715

Pay Differences Between Men and Women: Longitudinal Evidence from the 1946 Birth Cohort

Joshi, Heather; Newell, Marie-Louise - C.E.P.R. Discussion Papers - 1987

The MRC National Survey of Health and Development provides data on the hourly pay of males and females at age 26 in 1972 and in 1977. These have been subjected to regression analysis to see how far the gap between men's and women's pay is statistically explicable by (a) a "human capital" model...

Persistent link: https://www.econbiz.de/10005504211

The Cash Opportunity of Childbearing: An Approach Using British Data

Joshi, Heather - C.E.P.R. Discussion Papers - 1987

The opportunity costs of rearing British children, in terms of cash earnings forgone by their mother, are estimated for a typical family. Data from the 1980 Women and Employment Survey provide estimates for hourly pay as a function of work experience and current hours of work. In addition, these...

Persistent link: https://www.econbiz.de/10005792397

Participation in Paid Work: Multiple Regression Analysis of the Women and Employment Survey

Joshi, Heather - C.E.P.R. Discussion Papers - 1985

Models to explain the chances of economic activity, employment and full-time work in a national cross-section of British women in 1980 in terms of a number of demographic and economic variables are estimated by OLS. Marital status differentials are minor once the presence of dependent children...

Persistent link: https://www.econbiz.de/10005661763

Optimal Welfare-to-Work Programs

Pavoni, Nicola; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2006

A Welfare-to-Work (WTW) program is a mix of government expenditures on various labor market policies targeted to the unemployed (e.g., unemployment insurance, job search monitoring, social assistance, wage subsidies). This paper provides a dynamic principal-agent framework suitable for analyzing...

Persistent link: https://www.econbiz.de/10005661766