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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/10008727755
shape of the distribution and derived measures of inequality, poverty, and mobility. Using employment histories of German …
Persistent link: https://www.econbiz.de/10010886845
This paper examines the long-run effect of foreign aid on income inequality for 21 recipient countries using panel … cointegration techniques to control for omitted variable and endogeneity bias. We find that aid exerts an inequality increasing …
Persistent link: https://www.econbiz.de/10010886909
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
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
developing countries. Applying inequality indices and FieldsÂ’ (2001) decomposition methodology to Bolivian household survey data … of the years 1989 to 1997, we identify recent trends in wage inequality of urban Bolivia. Using a rent-based dual …
Persistent link: https://www.econbiz.de/10005755126
) and income inequality in the United States. Using panel cointegration techniques that allow for cross …-sectional heterogeneity, cross-sectional dependence, and endogenous regressors, we find that the short-run effects of FDI on income inequality … negative effect on income inequality in the United States. This result for the United States as a whole does not imply that FDI …
Persistent link: https://www.econbiz.de/10008478301
In this paper we analyze theoretically and empirically the impact of an increase in income inequality on the current … income inequality can affect negatively or positively the current account balance. The relationship is exacerbated by the … of developed and developing economies confirm that an increase in income inequality is mostly linked to a decrease in the …
Persistent link: https://www.econbiz.de/10010886828
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive changes in consumption. However, this might constitute a...
Persistent link: https://www.econbiz.de/10010956068
the rise of income/consumption inequality over the past decades is more significant among younger households. This is … consistent with the theory that the secular rise of inequality is due to increasing heterogeneity in earning ability. The author … inequality which are the basis of many important economic inferences. …
Persistent link: https://www.econbiz.de/10010956091