Showing 1 - 10 of 121
distribution is endogenously determined. We use this model to analyze the comparative statics effects of increases in unemployment … compensation on the unemployment rate and aggregate welfare taking into account the induced change in the wage offer distribution … a selective increase in unemployment compensation, made available to those who impute a relatively low value to leisure …
Persistent link: https://www.econbiz.de/10010684408
No abstract.
Persistent link: https://www.econbiz.de/10010818402
In most OECD-countries, immigrants have lower employment and higher unemployment than natives. This paper compares nine … unemployment gap is bigger in countries where collective bargaining agreements cover a larger share of the labor market. The …
Persistent link: https://www.econbiz.de/10011157169
Although private equity firms are often criticized for layoffs, little evidence exists regarding which employees lose their jobs and why. We argue that explanations for the job polarization process can also explain layoffs after buyouts. Buyouts reduce agency problems, which triggers automation,...
Persistent link: https://www.econbiz.de/10011262892
This paper studies determinants of income inequality using a newly assembled panel of 16 countries over the entire twentieth century. We focus on three groups of income earners: the rich (P99-100), the upper middle class (P90-99), and the rest of the population (P0-90). The results show that...
Persistent link: https://www.econbiz.de/10005771087
This paper presents new evidence on intergenerational mobility in the top of the income and earnings distribution. Using a large dataset of matched father-son pairs in Sweden, we find that intergenerational transmission is very strong in the top, more so for income than for earnings. In the...
Persistent link: https://www.econbiz.de/10005645398
This study presents new homogenous series of top income shares in Sweden over the period 1903–2004. We find that, starting from levels of inequality approximately equal to those in other Western countries at the time, the income share of the Swedish top decile drops sharply over the first...
Persistent link: https://www.econbiz.de/10005645425
Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden this severely underestimates the actual increase in inequality and, in particular, top income shares during recent decades. Using micro panel data to average incomes over longer...
Persistent link: https://www.econbiz.de/10010818491
This paper reviews the long run developments in the distribution of personal income and wealth. It also discusses suggested explanations for the observed patterns. We try to answer questions such as: What do we know, and how do we know, about the distribution of income and wealth over time? Are...
Persistent link: https://www.econbiz.de/10011103287
Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a … plague of persistently high unemployment since the 1980s. We impute the higher unemployment to welfare states' diminished … search model where workers accumulate skills on the job and lose skills during unemployment. …
Persistent link: https://www.econbiz.de/10005207056