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inequality indices when estimated from complex survey data. It turns out that this method also greatly simpli?es the calculations …
Persistent link: https://www.econbiz.de/10010260665
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
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
higher income inequality contributed similarly to these trends. …
Persistent link: https://www.econbiz.de/10014474966
persistence of transitory shocks and their implications for the persistence of poverty and income inequality. The results suggest … that 52 to 69 percent of income inequality in West Germany were due to permanent differences between individuals and that … to overall income inequality increased from 20 percent in 1990 to over 70 percent in 1998 and the persistence of poverty …
Persistent link: https://www.econbiz.de/10010260800
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 … inequality and poverty, changes in the policy environment, increased scrutiny of the concepts of ?poverty? and inequality? and …
Persistent link: https://www.econbiz.de/10010260927
modest increase in overall inequality of market incomes as measured by the Gini coefficient. However, we also document a … income inequality was stronger in East Germany than in West Germany. In both regions, the income concentration process …
Persistent link: https://www.econbiz.de/10010272712
We provide an analytical framework within which changes in income inequality over time are related to the pattern of … income inequality grew substantially), and also for income growth to have been pro-poor. Income growth was also pro-poor in … Western Germany, more so than in the USA, and inequality did not rise as much. …
Persistent link: https://www.econbiz.de/10010276926
In view of rising concerns over increasing inequality in the European Union since the financial crisis, this study … provides an inequality decomposition of the overall European income distribution by country. The EU Statistics on Income and … Living Conditions are our empirical basis. Inequality has risen moderately within the core Euro area, particularly in the …
Persistent link: https://www.econbiz.de/10011279519
This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles forprime age men born 1935 through 1974 that covers earnings...
Persistent link: https://www.econbiz.de/10011372118