We propose a DSGE model with income heterogeneity to help discriminate across competing explanations of the cross …-sectional divergence in debt-to-income ratios in US data. We show that for a DSGE model to be consistent with the data, the divergence in … income growth should not be anticipated and should happen in an economy with low cost of access to financial intermediation …

inequality of income across individuals. Using panel data, we find that Canada’s tax system limits significantly the … effect of taxes can reach up to 23 percent of mean income at the higher values of inequality aversion that we use. Globally …Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare …

and on the inequality of income across individuals. Using panel data, we find that Canada’s tax system limits … income equalizing effect of taxes can reach up to 23 percent of mean income at the higher values of inequality aversion that …Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare …

ethically flexible tools that integrate these two strands. This is achieved using a measure of inequality that merges the well … transfers into a vertical equity effect and a loss of redistribution due to either classical HI or reranking. An inequality …-change approach and a money-metric cost-of-inequality approach are developed. The latter approach makes aggregate classical HI …

distances from the median. Illustrations using Luxembourg Income Study data show that several countries can be ranked by such …

the Canadian Survey of Labour and Income Dynamics (SLID) for 1996, 1999 and 2002. Although the yearly cumulative …

Study of Income Dynamics (PSID), is performed by comparing four income mobility periods ranging from 1970 to 1990. …