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cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … emphasis on cross-country comparisons. Most, but not all, countries experienced substantial increases in wages and earnings … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the …
Persistent link: https://www.econbiz.de/10008509469
than wage dispersion, due to a rise in the correlation between wages and hours worked. Over the same period, inequality in …-equality: the ex-ante loss is equivalent to a 5% decline in lifetime income for the worst affected cohorts. …
Persistent link: https://www.econbiz.de/10005656181
Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious …
Persistent link: https://www.econbiz.de/10005662083
This Paper describes the changes in the composition of the labour force in the last 35 years and quantifies the substitution of low education / high experience workers by low experience / high education workers by using US and French microdata. The consequences of this substitution on the wage...
Persistent link: https://www.econbiz.de/10005656354
An analysis of hourly pay that allows for the choice of whether to work full-time, part-time or not at all (using the 1980 Women in Employment Survey) finds significant sample selection bias for women in full-time jobs. Part of the observed differential between the hourly pay of full-timers and...
Persistent link: https://www.econbiz.de/10005498008
Easterlin's relative income hypothesis projects for smaller cohorts increasing wages, increasing fertility and … income changes as a result of changes in cohort size and on husband's income as a determinant of female labor supply. It is … concluded that own wage is a more important determinant of female labor supply than husband's income. Policies that increase …
Persistent link: https://www.econbiz.de/10005662066
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
In this article we characterize the evolution of inequality in hourly wages, hours of work, labor earnings, household … disposable income and household consumption for Spain between 1985 and 2000. We look at both the Encuesta Continua de … earnings and household net disposable income has decreased substantially. The decreases in the tertiary education premium and …
Persistent link: https://www.econbiz.de/10008506839
is higher for firms, unskilled wages are pushed down. These forces lead to a non-ergodic equilibrium process for wage and … income inequality. The model also predicts that increasing wage inequality is more likely to arise in economies with less …
Persistent link: https://www.econbiz.de/10005114138
Economists have long viewed recessions as contributing to increasing inequality. This conclusion is largely based on data from a period in which inequality was increasing over time, however. This Paper examines the connection between long-run trends and cyclical variation in earnings inequality....
Persistent link: https://www.econbiz.de/10005666956