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 for … prime age men born 1935 through 1974 that covers earnings between 1960 and 2009. Over this period, the German labor market …

advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …

A popular argument for a federal minimum wage is that it will prevent in-work poverty and reduce income inequality. We … rates. Our analysis is based on a microsimulation model that accounts for the interactions between wages, the tax …

. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks … accounting, during their first (partial) year in charge, (2) incoming CEOs from outside the bank take a larger earnings bath than … insiders, and (3) incoming CEOs take a smaller earnings bath when the incumbent CEOs retire than when they leave for other …

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 …