This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the …

This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks …. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special …-sectional distribution of consumption growth, and analyse the way these two measures of household welfare correlate over time. We combine …

This paper sheds new light on the interactions between business cycles and the consumption distribution. We use CEX … consumption data and a factor model to characterize the cyclical dynamics of the consumption distribution. We first establish that … our approach is able to closely match business cycle fluctuations of consumption from the National Account. We then study …

This paper develops an analytical framework to study consumption and labour supply in a rich class of heterogeneous … equilibrium joint distribution over wages, hours and consumption. With these expressions in hand, we show that all the structural … wages and hours, and cross-sectional data on consumption. We estimate the model on CEX and PSID data for the U.S. economy …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

lead to higher inequality across firms, increased segregation of labour markets and decreased within-firm inequality. This … Paper makes use of a new employer-employee-linked data set for Germany to examine the labour market effects of flexible …, however, that HPWOs affect their employment structure. …

focus on the control of the voting of agricultural workers by landlords and show that if the employment relationship is …

labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and …

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching … frictions in the labour market. We distinguish between two polar cases studied in the literature: a ‘creative destruction … the fact that, in the model calibrated to the US economy, both unemployment and vacancy durations are very short, i …