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Better together? : heterogeneous effects of tracking on student achievement
Matthewes, Sönke Hendrik - 2018
. My results show that decreasing the degree of tracking in early secondary school can reduce inequality while increasing …
Persistent link: https://www.econbiz.de/10011938776
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Insurance, redistribution, and the inequality of lifetime income
Haan, Peter; Kemptner, Daniel; Prowse, Victoria - 2017
In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … offsets around half of the inequality in lifetime earnings that is due to differences in skill endowments. At the same time …, taxes and transfers mitigate around 60% of the inequality in lifetime earnings that is attributable to employment and health …
Persistent link: https://www.econbiz.de/10011780780
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The broken elevator : declining absolute mobility of living standards in germany
Bönke, Timm; Harnack-Eber, Astrid; Lüthen, Holger - 2024
point drop in absolute income mobility (-31pp). Our counterfactual analysis shows that lower economic growth rates and … higher income inequality contributed similarly to these trends. …
Persistent link: https://www.econbiz.de/10014468850
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Hicks in HANK : fiscal responses to an energy shock
Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023
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
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A HANK2 model of monetary unions
Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023
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
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Crimea and punishment : the impact of sanctions on Russian and European economies
Cholodilin, Konstantin Arkadʹevič; Netšunajev, Aleksei - 2016
sanctions shocks are analyzed by the means of structural vector autoregression. The direct effect on GDP growth is documented … for Russia but not for the EA. While, on average, 1.97% of the GDP quarter-on-quarter growth is estimated to be lost due …
Persistent link: https://www.econbiz.de/10011453699
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What determines the elasticity of substitution between capital and labor? : a literature review
Knoblach, Michael; Stöckl, Fabian - 2019
This paper provides the first comprehensive review of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function. By example of the U.S., we...
Persistent link: https://www.econbiz.de/10011963660