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persistence of transitory shocks and their implications for the persistence of poverty and income inequality. The results suggest … to overall income inequality increased from 20 percent in 1990 to over 70 percent in 1998 and the persistence of poverty … that 52 to 69 percent of income inequality in West Germany were due to permanent differences between individuals and that …
Persistent link: https://www.econbiz.de/10011436290
receiving welfare payments was about twice as high as the respective share for the entire population. Poverty head count rates … (based on a poverty threshold of 50 percent of median equivalent income) clearly increased over this period from about 10 …
Persistent link: https://www.econbiz.de/10011433832
poverty in the Member States of the European Union, using the first four waves (1994 - 1997) of the European Community … Household Panel (ECHP). In addition to this detailed consideration of the time dimension, poverty incidence, poverty gap and … poverty intensity are measured. Overall, the ranking across countries and dimensions is relatively robust. Denmark and …
Persistent link: https://www.econbiz.de/10011438560
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/10011280012
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
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/10011439136
higher income inequality contributed similarly to these trends. …
Persistent link: https://www.econbiz.de/10014468850
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/10014391466
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/10014305671