Showing 1 - 10 of 134
Inequality, bi-polarization and polarization are related but distinct concepts aiming at analysing the income … distribution. This paper first recalls the main differences between these three notions of inequality, bipolarization and … on inequality, bipolarization and polarization is analyzed via what is known as the Shapley de-composition and the …
Persistent link: https://www.econbiz.de/10010956034
. Various forms of poverty, inequality, polarization and income mobility structures are considered and much of the conventional …
Persistent link: https://www.econbiz.de/10010956065
Two conversion schemes are usually employed for assessing personal-income inequality from household equivalent incomes … sensitivity of country inequality rankings to conversion schemes and explain the finding by means of inequality decomposition. A …
Persistent link: https://www.econbiz.de/10009646514
association of reduction of income inequality (redistribution) with subjective wellbeing. Their results provide evidence that … people in Europe are negatively affected by income inequality, whereas reduction of inequality has a positive effect on well …-being. Since the authors simultaneously estimate the effects of income inequality and its reduction, their results indicate that …
Persistent link: https://www.econbiz.de/10010983176
The aim of this paper is to provide fresh empirical evidence of the mechanisms through which wage inequality affects … inequality. Her results are robust within the different specifications and different definitions of the reference group. …
Persistent link: https://www.econbiz.de/10010956073
Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....
Persistent link: https://www.econbiz.de/10010886889
This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage bargaining. It turns out that there is a strong tradeoff inherent in assuming that previously bargained sticky wages apply to new hires. If sticky wages apply to new hires, then the...
Persistent link: https://www.econbiz.de/10009216283
I evaluate the degree to which different wage-setting mechanisms in labor market search models can fit the aggregate facts on labor’s share. I find that staggered bargaining in nominal wages best allows the model to plausibly match the negative relationship between labor’s share and lagged...
Persistent link: https://www.econbiz.de/10009292397
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10005700599
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching models while preserving individual rationality. I evaluate the quantitative implications of such an approach. I feed through a series of estimated shocks from US data into a search...
Persistent link: https://www.econbiz.de/10009021626