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In the last quarter century, wage inequality has increased dramatically in the United States. At the same time, the … econometric analysis concludes that wage inequality has been partly driven by changes in relative factor supplies and relative …
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Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals' earnings in …
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income inequality. To these ends, we use rich data from the United States and Norway over the period 1980-2007. We find … educational assortative mating accounts for a non-negligible part of the cross-sectional inequality in household income. However …, changes in assortative mating over time barely move the time trends in household income inequality. The reason is that the …
Persistent link: https://www.econbiz.de/10010884928
consumption and that the shocks we analyze reduce consumption inequality on impact. …
Persistent link: https://www.econbiz.de/10011189147
The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity - namely consumption...
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