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We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant...
Persistent link: https://www.econbiz.de/10012796822
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
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/10011373904
inequality indices when estimated from complex survey data. It turns out that this method also greatly simplifies the …
Persistent link: https://www.econbiz.de/10011438447
income inequality grew substantially), and also for income growth to have been pro-poor. Income growth was also pro-poor in …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 …
Persistent link: https://www.econbiz.de/10011439136
productivity growth, a rise in income inequality, and public policy. The model can account for a 2.2 percentage point (pp) decline … in r* between 1975 and 2015, which is within the range of empirical estimates. Rising income inequality is an important … driver (-0.70 pp), and together with demographic change (-0.71 pp) and the slowdown in productivity growth (-1.0 pp) explains …
Persistent link: https://www.econbiz.de/10013170272
This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and...
Persistent link: https://www.econbiz.de/10012613506
Persistent link: https://www.econbiz.de/10012487207
those at the bottom of the earnings distribution, suggesting that the pandemic could exacerbate inequality. Crosscountry …
Persistent link: https://www.econbiz.de/10012251964
income inequality during periods of private debt overhang. In contrast, there are no discernible distributional effects when …
Persistent link: https://www.econbiz.de/10011587456