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general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine cross …-country variation in inequality with respect to import protection. Results are consistent with predictions of the factor-intensity model …
Persistent link: https://www.econbiz.de/10005656223
In this article we characterize the evolution of inequality in hourly wages, hours of work, labor earnings, household … Presupuestos Familiares and the European Household Community Panel. Our analysis shows that inequality in individual net labor … in the unemployment rate have been key ingredients to understand this falling trend. However, the inequality reduction …
Persistent link: https://www.econbiz.de/10008506839
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
One often heard counter to the concern on rising income and wealth inequality is that it is wrong to focus on … inequality of outcomes in a “snapshot.” Intergenerational mobility and “equality of opportunity”, so the argument goes, is what … lower inequality not between individuals but between the dynasties to which they belong? And how does this pattern in turn …
Persistent link: https://www.econbiz.de/10011252615
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
This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately …: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill …-biased technical change; inequality among high incomes; consumption inequality; geographical inequality; and international differences …
Persistent link: https://www.econbiz.de/10005123580
Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very … inequality due to changes in the wage earnings component is mitigated by changes in the tax and transfer components in both … in the tax component to lowering the growth of inequality in the Czech Republic, while the reverse was true for Slovakia. …
Persistent link: https://www.econbiz.de/10005123731
‘happiness’, we find that there is a large, negative and significant effect of inequality on happiness in Europe but not in the … US. There are two potential explanations. First, Europeans prefer more equal societies (inequality belongs in the utility … ideological lines. There is evidence of ‘inequality generated’ unhappiness in the US only for a sub-group of rich leftists. In …
Persistent link: https://www.econbiz.de/10005123800
savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …’ rent-seeking abilities, as well as with the gap between rich and poor. It is not income inequality per se that matters …, however, but inequality in the relative distribution of earning and political power. For each of the three channels of …
Persistent link: https://www.econbiz.de/10005123982
importance of initial parental conditions (i.e. the driving force behind the persistence of inequality) enhances mobility and … inequality becomes more persistent. The reduction in the concentration of human capital in technologically-advanced sectors …
Persistent link: https://www.econbiz.de/10005124238