Showing 1 - 10 of 23
We analyze how the combined effect of automatic stabilizers and discretionary changes in taxbenefit systems have affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary measure of the combined effect of automatic stabilizers and...
Persistent link: https://www.econbiz.de/10012154947
them? Public economists propose solutions based on economic theory, but their political feasibility depends on voters …' support, and ordinary households often neglect economic theory and have different views about efficiency and fairness. We …
Persistent link: https://www.econbiz.de/10013186775
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383744
When measuring income inequality over long periods of time, accounting for population and productivity growth is … that the U-shaped inequality trend over the past century holds up, but with important qualifications. Using measures that …-term income inequality trends. …
Persistent link: https://www.econbiz.de/10011939792
debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se … fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … empirical applications provide important new insights on the development of unfair inequality both over time (in the US) and …
Persistent link: https://www.econbiz.de/10011864650
We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades … distribution of annual earnings in Germany. We find that cross-sectional inequality rose until 2009 for men and women. After the … Great Recession inequality continued to rise at a slower rate for men and fell slightly for women due to compression at the …
Persistent link: https://www.econbiz.de/10012886897
We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...
Persistent link: https://www.econbiz.de/10011375679
In this paper, we investigate the impact of the COVID-19 pandemic on German household income using a micro-level approach. We combine a microsimulation model with labour market transition techniques to simulate the COVID-19 shock on the German labour market. We find the consequences of the...
Persistent link: https://www.econbiz.de/10012513311
Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood … as an increase in inequality of wages due to changes in bargaining power of employees. However, the role of changing … 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
Previous estimates of inequality of opportunity (IOp) are lower bounds because of the unobservability of the full set …, is important for the acceptance of (some) inequality and the design of redistributive policies as underestimating the … differences in social mobility and persistence. -- equality of opportunity ; earnings inequality ; mobility ; circumstances …
Persistent link: https://www.econbiz.de/10009535094