Showing 1 - 10 of 628
result in weaker political preferences for redistribution. …-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not …
Persistent link: https://www.econbiz.de/10009395461
Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into reach. On the other hand, they eliminate jobs, shift investments away from machines that complement labor, lower wages, and immiserize workers who cannot compete. The net...
Persistent link: https://www.econbiz.de/10011252658
in the Great Recession, with take-up reaching 87% in 2011. We find that changes in local unemployment can explain at …
Persistent link: https://www.econbiz.de/10010692221
preferences. …
Persistent link: https://www.econbiz.de/10005828613
In this paper we first document inequality trends in wages, hours worked, earnings, consumption, and wealth for Germany from the last twenty years. We generally find that inequality was relatively stable in West Germany until the German unification (which happened politically in 1990 and in our...
Persistent link: https://www.econbiz.de/10005025631
We conduct a systematic empirical study of cross-sectional inequality in the United States, integrating data from the Current Population Survey, the Panel Study of Income Dynamics, the Consumer Expenditure Survey, and the Survey of Consumer Finances. In order to understand how different...
Persistent link: https://www.econbiz.de/10008614636
We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...
Persistent link: https://www.econbiz.de/10008756449
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is insured, having accounted for public insurance programs....
Persistent link: https://www.econbiz.de/10011240581
about income dynamics shows a slow and polarizing shift toward redistributive preferences occurs. Simulation using fitted …
Persistent link: https://www.econbiz.de/10010950705
Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place …" undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone … redistributive preferences. Participants choose gambles with the potential to move them out of last place that they reject when …
Persistent link: https://www.econbiz.de/10009223329