Showing 1 - 10 of 55
<p>This paper concerns the decomposition of income risk into permanent and transitory components using repeated cross-section data on income and consumption. Our focus is on the detection of changes in the magnitudes of variances of permanent and transitory risks. A new approximation to the optimal...</p>
Persistent link: https://www.econbiz.de/10005509441
less skilled workers has deteriorated, either through their ability to secure jobs and/or their ability to earn a decent wage. Some have linked this decline to modern computing technologies. This paper surveys the evidence on the effects of technical change on skills, wages and employment by...
Persistent link: https://www.econbiz.de/10005509451
This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX cross-sections and distinguishes between permanent...
Persistent link: https://www.econbiz.de/10005509460
This paper places the debate over using consumption or income in studies of inequality growth in a formal intertemporal setting. It highlights the importance of permanent and transitory income uncertainty in the evaluation of growth in consumption inequality. We derive conditions under which the...
Persistent link: https://www.econbiz.de/10005509466
This paper uses revealed preference inequalities to provide tight nonparametric bounds on consumer responses to price changes. Price responses are allowed to vary nonparametrically across the income distribution by exploiting microdata on consumer expenditures and incomes over a finite set of...
Persistent link: https://www.econbiz.de/10005509467
In this paper we consider estimation of the autoregressive error components model. When the autoregressive parameter is moderately large and the number of time series observations is moderately small, the usual Generalised Methods of Moments (GMM) estimator obtained after first differencing has...
Persistent link: https://www.econbiz.de/10005509472
This study uses the first twelve waves of the British Household Panel Survey covering the period 1991-2002 to investigate the extent of constraints on desired hours of work within jobs and the degree of flexibility of the labour market for a sample of women. Our main findings are as follows....
Persistent link: https://www.econbiz.de/10005509484
In this paper we develop the collective labour supply framework to allow for corner solutions and nonparticipation in employment.We derive conditions for the complete non parametric identification of individual preferences.We extend our results to allow for unobserved heterogeneity and show...
Persistent link: https://www.econbiz.de/10005509520
This paper presents the trends seen over the last quarter of the 20th Century in various indicators of the well-being of the elderly alongside those seen for the young. Specifically we look at measures of both the level and distribution of income and expenditure, and self-reported measures of...
Persistent link: https://www.econbiz.de/10005509526
What do labor income dynamics look like over the life-cycle? What is the relative importance of persistent shocks, transitory shocks and heterogeneous profiles? To what extent do taxes, transfers and the family attenuate these various factors in the evolution of life-cycle inequality? In this...
Persistent link: https://www.econbiz.de/10010739826