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lower tail. We further document substantial gender differences in average earnings and inequality over the life-cycle. While …
Persistent link: https://www.econbiz.de/10012886897
We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are being affected by the covid-19 pandemic. We document several facts. First, job loss has been significantly larger than implied by new unemployment claims: we estimate 20 million...
Persistent link: https://www.econbiz.de/10012206097
immigration and a decline in collective bargaining successfully explain occupational employment patterns during the 1990s. …
Persistent link: https://www.econbiz.de/10013255962
differences in social mobility and persistence. -- equality of opportunity ; earnings inequality ; mobility ; circumstances …
Persistent link: https://www.econbiz.de/10009535094
Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% over the time period 1983-2016....
Persistent link: https://www.econbiz.de/10013093036
The case of German reunification has been subject to extensive research on earnings inequality and labor market integration. however, little is known about the development of equality of opportunity (EOp) in East and West Germany after 1990. Using German micro data, we empirically analyze how...
Persistent link: https://www.econbiz.de/10013010910
inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover … household structure is widely neglected. Societal trends like a decline in birth rate and an increase in the risk of divorce … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in …
Persistent link: https://www.econbiz.de/10008698414
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive …
Persistent link: https://www.econbiz.de/10012437870
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
Persistent link: https://www.econbiz.de/10012231514
We leverage survey data from Germany, Italy, and the US to document several novel stylized facts about the extent of information frictions among firms and households. First, firms’ expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with...
Persistent link: https://www.econbiz.de/10012491615