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We estimate, for the first time, long-run trends in intergenerational economic mobility for a multitude of countries in Latin America going beyond parent-child correlations in educational attainment. We use several indicators of well-being, such as the socio-economic situation of individuals,...
Persistent link: https://www.econbiz.de/10014466616
This chapter reviews the empirical evidence on the levels and trends in income/consumption inequality and poverty in … poverty across countries and regions, an assessment of trends in these variables since the early 1980s, and a general … discussion of their determinants. There has been tremendous progress in the measurement of inequality and poverty in the …
Persistent link: https://www.econbiz.de/10010198464
In this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to an Income Satisfaction question posed in the German Socio-Economic Panel (GSOEP). Income satisfaction is the subjective analogue of the objective income concept and includes...
Persistent link: https://www.econbiz.de/10011326418
the "poor/non-poor" classification in the first stage. -- Multidimensional welfare ; poverty ; factory analysis ; clusters …
Persistent link: https://www.econbiz.de/10008772508
technological non convexity exists. It follows that certain households are poverty trapped, that the initial distribution of wealth …
Persistent link: https://www.econbiz.de/10011453277
This paper analyses the changes in inequality occurred during the period 1998 - 2005. A set of results are presented in order to contribute to a better understanding of the changes in inequality. The obtained results show that important distributive effects were hidden by the apparent observed...
Persistent link: https://www.econbiz.de/10009267064
Persistent link: https://www.econbiz.de/10012137862
We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education.Hence, a given compression of after-tax incomes can...
Persistent link: https://www.econbiz.de/10011333262
In this paper, we study the relationship between income inequality and stock market returns. We develop a quantitative general equilibrium model that links shifts in both labour and capital income inequality to stock market variables. An increase of the share of capital owners' income from risky...
Persistent link: https://www.econbiz.de/10011916413
I consider the case for the minimum wage alongside (optimal) income taxes when workers differ in both wages and working hours, such that a given level of income corresponds to multiple wage rates. The minimum wage is directly targeted at the lowest-wage workers, while income taxes are at most...
Persistent link: https://www.econbiz.de/10014390442