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Educational assortative mating and household income inequality

Mogstad, Magne; Zafar, Basit; Eika, Lasse - Federal Reserve Bank of New York - 2014

income inequality. To these ends, we use rich data from the United States and Norway over the period 1980-2007. We find … educated, we find strong but declining assortative mating by academic major. These findings motivate and guide a decomposition … educational assortative mating accounts for a non-negligible part of the cross-sectional inequality in household income. However …

Persistent link: https://www.econbiz.de/10010884928

Lights, camera,...income! Estimating poverty using national accounts, survey means, and lights

Sala-i-Martin, Xavier; Pinkovskiy, Maxim L. - Federal Reserve Bank of New York - 2014

In this paper, we try to understand whether measures of GDP per capita taken from the national accounts or measures of mean income or consumption derived from household surveys better proxy for true income per capita. We propose a data-driven method to assess the relative quality of GDP per...

Persistent link: https://www.econbiz.de/10010762560

What do data on millions of U.S. workers reveal about life-cycle earnings risk?

Guvenen, Fatih; Karahan, Fatih; Ozkan, Serdar; Song, Jae - Federal Reserve Bank of New York - 2015

We study the evolution of individual labor earnings over the life cycle, using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...

Persistent link: https://www.econbiz.de/10011160729

Gender and dynamic agency: theory and evidence on the compensation of top executives

Albanesi, Stefania; Olivetti, Claudia; Prados, María José - Federal Reserve Bank of New York - 2015

We document three new facts about gender differences in executive compensation. First, female executives receive a lower share of incentive pay in total compensation relative to males. This difference accounts for 93 percent of the gender gap in total pay. Second, the compensation of female...

Persistent link: https://www.econbiz.de/10011207944

Business cycle fluctuations and the distribution of consumption

De Giorgi, Giacomo; Gambetti, Luca - Federal Reserve Bank of New York - 2015

consumption and that the shocks we analyze reduce consumption inequality on impact. …

Persistent link: https://www.econbiz.de/10011189147

Labor-dependent capital income taxation that encourages work and saving

Kitao, Sagiri - Federal Reserve Bank of New York - 2010

This paper proposes a simple mechanism of capital taxation that is negatively correlated with labor supply. Using a life-cycle model of heterogeneous agents, I show that this tax scheme provides a strong work incentive when households possess large assets and high productivity later in the life...

Persistent link: https://www.econbiz.de/10008553242

Workforce skills across the urban-rural hierarchy

Abel, Jaison R.; Gabe, Todd M.; Stolarick, Kevin - Federal Reserve Bank of New York - 2012

This paper examines differences in the skill content of work throughout the United States, ranging from densely populated city centers to isolated and sparsely populated rural areas. To do so, we classify detailed geographic areas into categories along the entire urban-rural hierarchy. An...

Persistent link: https://www.econbiz.de/10011027232

Imperfect information and economic shocks: implications for wage flexibility

Bell, Linda A.; Gerlach, H. M. Stefan - Federal Reserve Bank of New York - 1988

Persistent link: https://www.econbiz.de/10005387383

Capital flight from debtor nations when labor is mobile

Charrette, Susan - Federal Reserve Bank of New York - 1991

Persistent link: https://www.econbiz.de/10005387390

Social Security, benefit claiming, and labor force participation: a quantitative general equilibrium approach

Imrohoroglu, Selahattin; Kitao, Sagiri - Federal Reserve Bank of New York - 2010

We build a general equilibrium model of overlapping generations that incorporates endogenous saving, labor force participation, work hours, and Social Security benefit claims. Using this model, we study the impact of three Social Security reforms: 1) a reduction in benefits and payroll taxes; 2)...

Persistent link: https://www.econbiz.de/10008465776