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This study evaluates the impact of fuel prices on new car purchases, using exhaustive individual-level data of monthly registration of new private cars in France from 2003 to 2007. Detailed information on the car holder enables us to account for heterogeneous preferences across purchasers. We...
Persistent link: https://www.econbiz.de/10011085448
We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors....
Persistent link: https://www.econbiz.de/10004963611
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10008645018
This paper documents the magnitude, pattern, and evolution of lifetime earnings inequality in Germany. Based on a large …. Earnings data for thirty-one cohorts reveals striking evidence of a secular rise of intra-generational inequality in lifetime … earnings: West-German men born in the early 1960s are likely to experience about 80 % more lifetime inequality than their …
Persistent link: https://www.econbiz.de/10009327816
modest increase in overall inequality of market incomes as measured by the Gini coefficient. However, we also document a … income inequality was stronger in East Germany than in West Germany. In both regions, the income concentration process …
Persistent link: https://www.econbiz.de/10004963679
inequality indices when estimated from complex survey data. It turns out that this method also greatly simplifies the …
Persistent link: https://www.econbiz.de/10004963702
Over the last four decades, academic and wider public interest in inequality and poverty has grown substantially. In … this paper we address the question: what have been the major new directions in the analysis of inequality and poverty over … inequality and poverty, changes in the policy environment, increased scrutiny of the concepts of 'poverty' and inequality' and …
Persistent link: https://www.econbiz.de/10004963904
We provide an analytical framework within which changes in income inequality over time are related to the pattern of … income inequality grew substantially), and also for income growth to have been pro-poor. Income growth was also pro-poor in … Western Germany, more so than in the USA, and inequality did not rise as much. …
Persistent link: https://www.econbiz.de/10004963952
persistence of transitory shocks and their implications for the persistence of poverty and income inequality. The results suggest … that 52 to 69 percent of income inequality in West Germany were due to permanent differences between individuals and that … to overall income inequality increased from 20 percent in 1990 to over 70 percent in 1998 and the persistence of poverty …
Persistent link: https://www.econbiz.de/10004963961
Two conversion schemes are usually employed for assessing personal-income inequality from household equivalent incomes … country inequality rankings to conversion schemes and explain the finding by means of inequality decomposition. A bootstrap …
Persistent link: https://www.econbiz.de/10008682910