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This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained. Finally,...
Persistent link: https://www.econbiz.de/10005792213
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …
Persistent link: https://www.econbiz.de/10008509469
, education and labor market success. We conclude that there do not appear to be serious harmful health effects of moderate … an overview of this literature, focusing on studies which seek to establish the causal effect of cannabis use on health … cannabis use. Nevertheless, there is evidence of reduced mental well-being for heavy users who are susceptible to mental health …
Persistent link: https://www.econbiz.de/10011084361
education and to what extent those mitigate the long-run effects. We use individual records of Swedish birth cohorts from 1915 … direct biological mechanisms. We do not find evidence of indirect pathways through ability or education, and the long …-run effects are not mitigated by education. …
Persistent link: https://www.econbiz.de/10011084641
’s future income proportionally at all levels of education, leaving the relative return between quality and quantity unaffected … also casts doubts on recent findings about a positive effect of health on education. This is because health raises the …. This result is consistent with historical evidence that longevity began to increase long before education did. Our theory …
Persistent link: https://www.econbiz.de/10005666793
One often heard counter to the concern on rising income and wealth inequality is that it is wrong to focus on …. Focusing on bistochastic transition matrices in order to hold constant the steady state snapshot income distribution, we …
Persistent link: https://www.econbiz.de/10011252615
In this paper, we demonstrate how age-adjusted inequality measures can be used to evaluate whether changes in inequality over time are due to changes in the age-structure. To this end, we use administrative data on earnings for every male Norwegian over the period 1967-2000. We find that the...
Persistent link: https://www.econbiz.de/10009493554
%. Furthermore income inequality has increased both between and within education groups while consumption inequality has increased …This Paper first documents the evolution of the cross-sectional income and consumption distribution in the US in the … past 25 years. Using data from the Consumer Expenditure Survey we find that a rising income inequality has not been …
Persistent link: https://www.econbiz.de/10005123551
: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill … in the income distribution, particularly at the top. We conclude that changes in labor’s share play no role in rising … inequality of labor income; by one measure labor’s income share was almost the same in 2007 as in 1950. Within the bottom 90 …
Persistent link: https://www.econbiz.de/10005123580
Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very …
Persistent link: https://www.econbiz.de/10005123731