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"Inequality and Household Finance during the Consumer Age"

Cynamon, Barry Z.; Fazzari, Steven M. - Levy Economics Institute - 2013

One might expect that rising US income inequality would reduce demand growth and create a drag on the economy because higher-income groups spend a smaller share of income. But during a quarter century of rising inequality, US growth and employment were reasonably strong, by historical standards,...

Persistent link: https://www.econbiz.de/10011141200

"The Levy Institute Measure of Economic Well-Being: Estimates for Canada, 1999 and 2005"

Sharpe, Andrew; Murray, Alexander; Evans, Benjamin; … - Levy Economics Institute - 2011

This report presents estimates of the Levy Institute Measure of Economic Well-Being (LIMEW) for a representative sample of Canadian households in 1999 and 2005. The results indicate that there was only modest growth in the average Canadian household’s total command over economic resources in...

Persistent link: https://www.econbiz.de/10009207517

"Measuring Poverty Using Both Income and Wealth: An Empirical Comparison of Multidimensional Approaches Using Data for the U.S. and Spain"

Azpitarte, Francisco - Levy Economics Institute - 2010

This paper presents a comparative analysis of the approaches to poverty based on income and wealth that have been … proposed in the literature. Two types of approaches are considered: those that look at income and wealth separately when … argue that the higher correlation between income and wealth in the United States contributes to explaining the greater …

Persistent link: https://www.econbiz.de/10008643917

"An Alternative View of Finance, Saving, Deficits, and Liquidity"

Wray, L. Randall - Levy Economics Institute - 2009

This paper contrasts the orthodox approach with an alternative view on finance, saving, deficits, and liquidity. The conventional view on the cause of the current global financial crisis points first to excessive United States trade deficits that are supposed to have "soaked up" global savings....

Persistent link: https://www.econbiz.de/10008531421

"A Meme for Money"

Wray, L. Randall - Levy Economics Institute - 2012

This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the hands of conservatives. That framing is also largely consistent with the conventional view of the economy and of society more generally. To put it the way that economists usually...

Persistent link: https://www.econbiz.de/10010627293

"A Contribution to the Theory of Financial Fragility and Crisis"

Bhaduri, Amit - Levy Economics Institute - 2010

The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...

Persistent link: https://www.econbiz.de/10008671829

"Distribution-led Growth in the Long Run"

Nikiforos, Michalis - Levy Economics Institute - 2014

The paper examines the long-run fluctuations in growth and distribution through the prism of wage-and profit-led growth. We argue that the relation between distribution of income and growth changes over time. We propose an endogenous mechanism that leads to fluctuations between wage- and...

Persistent link: https://www.econbiz.de/10011141194

"Quality of Match for Statistical Matches Used in the 1989 and 2000 LIMEW Estimates for France"

Masterson, Thomas - Levy Economics Institute - 2011

The quality of match for each of four statistical matches used in the LIMEW estimates for France for 1989 and 2000 is described. The first match combines the 1992 Enquete sur les Actifs Financiers with the 1989–90 Enquete Budget de Famille (BDF). The second match combines the 1998 General...

Persistent link: https://www.econbiz.de/10009225954

"A Comparison of Inequality and Living Standards in Canada and the United States Using an Expanded Measure of Economic Well-Being"

Wolff, Edward N.; Zacharias, Ajit; Masterson, Thomas; … - Levy Economics Institute - 2012

) in that it includes noncash government transfers, public consumption, income from wealth, and household production, and … coefficient of 0.376-a gap that primarily reflects the greater importance of income from wealth in the States. However, the …

Persistent link: https://www.econbiz.de/10009398270

"Simulations of Full-Time Employment and Household Work in the Levy Institute Measure of Time and Income Poverty (LIMTIP) for Argentina, Chile, and Mexico"

Masterson, Thomas - Levy Economics Institute - 2012

The method for simulation of labor market participation used in the LIMTIP models for Argentina, Chile, and Mexico is described. In each case, all eligible adults not working full-time were assigned full-time jobs. In all households that included job recipients, the time spent on household...

Persistent link: https://www.econbiz.de/10010555925