importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model …

This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS …

and income distribution outcomes, using data over three decades. Country distributions are calibrated by combining PPP GDP … per capita and income distribution from survey data. We apply the microeconomic concept of a social mobility function at … dynamic measure permits us to focus on inequality as well as distinguish between countries where per capita income growth was …

drastically. Income poverty remains high. People’s access to energy, water, communications, education, and health services …

larger has been the role of the declining share of household income in national income, which has occurred across …-the-board in wages, investment income, and government transfers. The paper finds that financial sector weaknesses, by restricting … income shares low and on a declining trend. …

€˜buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …

productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo …