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Global Trends in Income Inequality and Income Dynamics : New Insights from GRID

Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L. - National Bureau of Economic Research - 2022

range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on …; it offers granular descriptions of income inequality and income dynamics for finely defined subpopulations; and it is … and presents a set of global trends in income inequality and income dynamics across the 13 countries that are currently in …

Persistent link: https://www.econbiz.de/10013388880

Individual Earnings and Family Income : Dynamics and Distribution

Altonji, Joseph G.; Hynsjö, Disa M.; Vidangos, Ivan - National Bureau of Economic Research - 2022

We review research on the dynamics and distribution of individual earnings and family income. We start with univariate earnings models, which dominate the literature and are often used as the exogenous component of family income in structural models of saving. We present a version of the linear...

Persistent link: https://www.econbiz.de/10013210123

Toward an Understanding of the Returns to Cognitive Skills Across Cohorts

Hellerstein, Judith K.; Luo, Sai; Urzua, Sergio - National Bureau of Economic Research - 2024

Recent research concludes that wage returns to cognitive skills have declined in the U.S. We reassess this finding. Using decomposition methods, we document the pivotal role played by dynamic shifts in the distributions of pre-labor market cognitive skills. Our findings show these shifts explain...

Persistent link: https://www.econbiz.de/10014512083

Task Mismatch and Salary Penalties : Evidence from the Biomedical PhD Labor Market

Diethorn, Holden A.; Marschke, Gerald - National Bureau of Economic Research - 2023

We use the labor market for doctorates in the biomedical sciences, where career dislocation is common, as a case study of skill-task mismatch and its consequences. Using longitudinal, worker-level data on biomedical doctorates, we investigate mismatch as an explanation for the negative pecuniary...

Persistent link: https://www.econbiz.de/10014226116

Instrumental Variables with Unordered Treatments : Theory and Evidence from Returns to Fields of Study

Heinesen, Eskil; Hvid, Christian; Kirkebøen, Lars J.; … - National Bureau of Economic Research - 2022

We revisit the identification argument of Kirkeboen et al. (2016) who showed how one may combine instruments for multiple unordered treatments with information about individuals' ranking of these treatments to achieve identification while allowing for both observed and unobserved heterogeneity...

Persistent link: https://www.econbiz.de/10013435136

Parenting Promotes Social Mobility Within and Across Generations

García García-Menéndez, Jorge Luis; Heckman, James J. - National Bureau of Economic Research - 2022

This paper compares early childhood enrichment programs that promote social mobility for disadvantaged children within and across generations. Instead of conducting a standard meta-analysis, we present a harmonized primary data analysis of programs that shape current policy. Our analysis is a...

Persistent link: https://www.econbiz.de/10013435172

Labor Supply and Occupational Choice

Erosa, Andrés; Fuster, Luisa; Kambourov, Gueorgui; … - National Bureau of Economic Research - 2022

We document a robust negative relationship between mean annual hours in an occupation and the dispersion of annual hours within that occupation. We study a unified model of occupational choice and labor supply that features heterogeneity across occupations in the return to working additional...

Persistent link: https://www.econbiz.de/10013388848

The Quality of Lower-Track Education : Evidence from Britain

Clark, Damon - National Bureau of Economic Research - 2022

For much of the 20th century, British students were tracked into higher-track (for the "top" 20%) or lower-track (for the rest) secondary schools. Opponents of tracking contend that the lower-track schools in these systems will inevitably provide low-quality education. In this paper I examine...

Persistent link: https://www.econbiz.de/10013334393

On the Role of Learning, Human Capital, and Performance Incentives for Wages

Camargo, Braz; Lange, Fabian; Pastorino, Elena - National Bureau of Economic Research - 2022

Performance pay in general amounts to only a small fraction of total pay. In this paper, we show that performance pay is nevertheless important for the level and dynamics of wages over the life cycle because of the incentives it indirectly provides for human capital acquisition and because of...

Persistent link: https://www.econbiz.de/10013334409

Supply, Demand, Institutions, and Firms : A Theory of Labor Market Sorting and the Wage Distribution

Haanwinckel, Daniel - National Bureau of Economic Research - 2023

minimum wage reduces formal wage inequality but also causes wage loss for mid-productivity workers and disemployment for those …

Persistent link: https://www.econbiz.de/10014322706

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