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Trends in income inequality, pro-poor income growth and income mobility

Jenkins, Stephen P.; van Kerm, Philippe - 2003

We provide an analytical framework within which changes in income inequality over time are related to the pattern of … income growth across the income range, and the reshuffling of individuals in the income pecking order. We use it to explain … income inequality grew substantially), and also for income growth to have been pro-poor. Income growth was also pro-poor in …

Persistent link: https://www.econbiz.de/10010276926

A HANK2 model of monetary unions

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023

How does a monetary union alter the impact of business cycle shocks at the household level? We develop a Heterogeneous Agent New Keynesian model of two countries (HANK2) and show in closed form that a monetary union shifts the adjustment to a shock horizontally - across countries - within the...

Persistent link: https://www.econbiz.de/10014309442

Hicks in HANK: Fiscal responses to an energy shock

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023

The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model that we calibrate to the euro area. Energy subsidies can stabilize the domestic economy, but are fiscally costly and...

Persistent link: https://www.econbiz.de/10014417637

European-wide inequality in times of the financial crisis

Bönke, Timm; Schröder, Carsten - 2015

provides an inequality decomposition of the overall European income distribution by country. The EU Statistics on Income and …

Persistent link: https://www.econbiz.de/10011279519

New Directions in the Analysis of Inequality and Poverty

Jenkins, Stephen P.; Micklewright, John - 2007

Over the last four decades, academic and wider public interest in inequality and poverty has grown substantially. In this paper we address the question: what have been the major new directions in the analysis of inequality and poverty over the last thirty to forty years? We draw attention to...

Persistent link: https://www.econbiz.de/10010260927

Insurance, redistribution, and the inequality of lifetime income

Haan, Peter; Kemptner, Daniel; Prowse, Victoria - 2017

In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing …

Persistent link: https://www.econbiz.de/10011784169

Using the P90/P10 Index to Measure US Inequality Trends with Current Population Survey Data: A View from Inside the Census Bureau Vaults

Burkhauser, Richard V.; Feng, Shuaizhang; Jenkins, … - 2007

earnings and income inequality in the USA. Time-inconsistency problems related to top coding in theses data have led many … show that using P90/P10 does not completely obviate timeinconsistency problems, especially for household income inequality … public use data, closely track inequality trends in labor earnings and household income using internal data. But estimates of …

Persistent link: https://www.econbiz.de/10010260926