Using PSID microdata over the 1980-2010, we provide new empirical evidence on the extent of and trends in the gender wage gap, which declined considerably over this period. By 2010, conventional human capital variables taken together explained little of the gender wage gap, while gender...

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution. The main mechanism emphasized in this paper is the tax income bracket effect. Governments only adjust the nominal income tax brackets slowly to a rise in prices, typically...

Superneutrality is demonstrated to no longer hold in the Sidrauski model as soon as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small.

In this paper, we use 2008-2013 American Community Survey data to update and further probe evidence on son preference in the United States. In light of the substantial increase in immigration, we examine this question separately for natives and immigrants. Dahl and Moretti (2008) found earlier...

This paper examines evidence on the role of assimilation versus source country culture in influencing immigrant women’s behavior in the United States - looking both over time with immigrants' residence in the United States and across immigrant generations. It focuses particularly on labor...

Using the New Immigrant Survey, we investigate the impact of immigrant women’s own labor supply prior to migrating and female labor supply in their source country on their labor supply and wages in the US. Women migrating from higher female labor supply countries work more in the US. Most of...

There is a well-known gender difference in time allocation within the household, which has important implications for gender differences in labor market outcomes. We ask how malleable this gender difference in time allocation is to culture. In particular, we ask if US immigrants allocate tasks...

We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper limit to the real value of tax revenues. This limit implies an endogenous threshold dependency ratio, i.e. a point in the cross-section distribution of the population beyond...