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cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … inequality, over the last three decades. While the trend in the skill premium differed widely across countries, the experience … premium rose and the gender premium fell virtually everywhere. At a higher frequency, earnings inequality appears to be …
Persistent link: https://www.econbiz.de/10008509469
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 … earnings, to disposable income, and, ultimately, to consumption and wealth. We document a continuous and sizable increase in …
Persistent link: https://www.econbiz.de/10008496450
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
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
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
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