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Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion
Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005
the one hand, as wage uncertainty rises, so does the cost associated with missing insurance markets. On the other hand …
Persistent link: https://www.econbiz.de/10005123728
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Participation Behaviour of East German Women After German Unification
Bonin, Holger; Euwals, Rob - C.E.P.R. Discussion Papers - 2002
The Paper studies the determinants of labour force participation by East German women after unification. To isolate the role of preferences on labour force participation from individual characteristics, we develop a panel data model that simultaneously explains participation, employment and...
Persistent link: https://www.econbiz.de/10005124026
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Two Views of Inequality Over the Life-Cycle
Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004
Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious information for answering questions about the ability of households to insure labor market risk and about the sources of this risk. This Paper demonstrates that the choice of whether...
Persistent link: https://www.econbiz.de/10005662083
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The Cross-Sectional Implications of Rising Wage Inequality in the United States
Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004
This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross-sectional distributions of hours worked, consumption and earnings. From 1967 to 1996 cross-sectional dispersion of earnings increased more than wage dispersion, due to a rise in the...
Persistent link: https://www.econbiz.de/10005656181
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Consumption and Labour Supply with Partial Insurance: An Analytical Framework
Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2007
-agent economies with partial insurance. The environment allows for trade in non-contingent and state-contingent bonds, for permanent …
Persistent link: https://www.econbiz.de/10005114147
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The Distributional Consequences of Russia's Transition
Doyle, Christopher - C.E.P.R. Discussion Papers - 1993
This paper considers the distributional consequences of the reform programme in Russia. Although a small fraction of the population have gained under the reforms, average real household per capita income has declined significantly with households at the lower end of the income distribution...
Persistent link: https://www.econbiz.de/10005498039
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Openness, Inequality and Poverty: Endowments Matter
de Melo, Jaime; Gourdon, Julien; Maystre, Nicolas - C.E.P.R. Discussion Papers - 2006
Using tariffs as a measure of openness, this paper finds consistent evidence that the conditional effects of trade liberalization on inequality are correlated with relative factor endowments. Trade liberalization is associated with increases in inequality in countries well-endowed in highly...
Persistent link: https://www.econbiz.de/10005114466
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The Public Pay Gap in Britain: Small Differences That (Don’t?) Matter
Postel-Vinay, Fabien; Turon, Hélène - C.E.P.R. Discussion Papers - 2005
The existing literature on inequality between private and public sectors focuses on cross-section differences in earnings levels. A more general way of looking at inequality between sectors is to recognize that forward-looking agents will care about income and job mobility too. We show that...
Persistent link: https://www.econbiz.de/10005136597
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Insurance Within the Firm
Guiso, Luigi; Pistaferri, Luigi; Schivardi, Fabiano - C.E.P.R. Discussion Papers - 2001
The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In … principal-agent models with moral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level … overall earnings variability, the remainder originating in idiosyncratic shocks. Finally, we show that the amount of insurance …
Persistent link: https://www.econbiz.de/10005136663
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On the Evolution of the US Consumer Wealth Distribution
Hintermaier, Thomas; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2010
We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in the US since the 1980s. We then rely on the shape of this distribution to estimate a life-cycle incomplete markets model. We find that considering a wide range of net-worth...
Persistent link: https://www.econbiz.de/10008468610