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When Inequality Matters for Macro and Macro Matters for Inequality
Ahn, SeHyoun - 2017
We develop an efficient and easy-to-use computational method for solving a wide class of general equilibrium heterogeneous agent models with aggregate shocks, together with an open source suite of codes that implement our algorithms in an easy-to-use toolbox. Our method extends standard...
Persistent link: https://www.econbiz.de/10012455187
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Innocent Bystanders? Monetary Policy and Inequality in the U.S
Coibion, Olivier - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10012460490
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Has Consumption Inequality Mirrored Income Inequality?
Aguiar, Mark A. - 2011
We revisit to what extent the increase in income inequality over the last 30 years has been mirrored by consumption inequality. We do so by constructing two alternative measures of consumption expenditure, using data from the Consumer Expenditure Survey (CE). We first use reports of active...
Persistent link: https://www.econbiz.de/10012461850
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Capital Accumulation, Private Property and Rising Inequality in China, 1978-2015
Piketty, Thomas - 2017
-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in China over the … between 1978 and 2015, while the bottom 50% share dropped from 27% to 15%. China's inequality levels used to be close to …
Persistent link: https://www.econbiz.de/10012455313
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Global Inequality Dynamics : New Findings from WID.world
Alvaredo, Facundo - 2017
.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United …
Persistent link: https://www.econbiz.de/10012455562
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Human Capital, Economic Growth, and Inequality in China
Heckman, James J. - 2012
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled … the past decade, China has made substantial investments in producing it. The egalitarian access to medium skilled …. China's growth will be fostered by expanding access to all levels of education, reducing impediments to labor mobility, and …
Persistent link: https://www.econbiz.de/10012460559
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Consumption Inequality and Family Labor Supply
Blundell, Richard - 2012
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10012460216
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Inequality in Life and Death
Eichenbaum, Martin S.; Rebelo, Sérgio; Trabandt, Mathias - National Bureau of Economic Research - 2021
We argue that the Covid epidemic disproportionately affected the economic well-being and health of poor people. To disentangle the forces that generated this outcome, we construct a model that is consistent with the heterogeneous impact of the Covid recession on low- and high-income people....
Persistent link: https://www.econbiz.de/10012599353
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Educational Inequality*
Blanden, Jo; Doepke, Matthias; Stuhler, Jan - National Bureau of Economic Research - 2022
This chapter provides new evidence on educational inequality and reviews the literature on the causes and consequences of unequal education. We document large achievement gaps between children from different socio-economic backgrounds, show how patterns of educational inequality vary across...
Persistent link: https://www.econbiz.de/10013191073
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Global Wealth Inequality
Zucman, Gabriel - 2019
China, Europe, and the United States combined, the top 1% wealth share has increased from 28% in 1980 to 33% today, while …
Persistent link: https://www.econbiz.de/10012479418