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Analyzing the Effects of Financial and Housing Wealth on Consumption Using Micro Data

Caceres, Carlos - 2019

This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets …-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of … wealth, including stocks. Furthermore, the analysis shows how these estimated marginal propensities to consume (MPC) from …

Persistent link: https://www.econbiz.de/10012868265

Heterogeneity and Persistence in Returns to Wealth

Fagereng, Andreas - 2018

We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth … with wealth: moving from the 10th to the 90th percentile of the financial wealth distributionincreases the return by 3 …

Persistent link: https://www.econbiz.de/10012912494

Effectiveness and Equity in Social Spending - The Case of Spain

Vtyurina, Svetlana - 2020

Spain is experiencing sustained economic and social disparities in several areas. Social spending policies have a heightened responsibility to respond but are challenged by high public debt and pressures from an aging society. This study takes stock of the level and effectiveness of public...

Persistent link: https://www.econbiz.de/10012840612

Automation, Skills and the Future of Work : What do Workers Think?

Mulas-Granados, Carlos - 2020

We exploit a survey data set that contains information on how 11,000 workers across advanced and emerging market economies perceive the main forces shaping the future of work. In general, workers feel more positive than negative about automation, especially in emerging markets. We find that...

Persistent link: https://www.econbiz.de/10012843306

What's Up with U.S. Wage Growth and Job Mobility?

Danninger, Stephan - 2016

Since the global financial crisis, US wage growth has been sluggish. Drawing on individual earnings data from the 2000-15 Current Population Survey, I find that the drawn-out cyclical labor market repair - likely owing to low entry wages of new workers - slowed down real wage growth. There are,...

Persistent link: https://www.econbiz.de/10012977830

Structural Transformation and the Agricultural Wage Gap

Alvarez, Jorge - 2018

A key feature of developing economies is that wages in agriculture are significantlybelow those of other sectors. Using Brazilian household surveys and administrativepanel data, I use information on workers who switch sectors to decompose the driversof this gap. I find that most of the gap is...

Persistent link: https://www.econbiz.de/10012929921

Generational Aspects of Inclusive Growth

Baduel, Bénédicte; Ter-Martirosyan, Anna; Isakova, Asel - 2021

Sharing economic benefits equitably across all segments of society includes addressing the specific challenges of different generations. At present, youth and elderly are particularly vulnerable to poverty relative to adults in their middle years. Broad-based policies should aim to foster youth...

Persistent link: https://www.econbiz.de/10013226436

From Polluting to Green Jobs : A Seamless Transition in the U.S.?

Bergant, Katharina; Mano, Rui C.; Shibata, Ippei - 2022

What are the implications of the needed climate transition for the potential reallocation of the U.S. labor force? This paper dissects green and polluting jobs in the United States across local labor markets, industries and at the household-level. We find that geography alone is not a major...

Persistent link: https://www.econbiz.de/10014079904

The Distributional Impacts of Worker Reallocation : Evidence from Europe

Bluedorn, John C.; Caselli, Francesca; Hansen, Niels-Jakob - 2022

Using individual-level data for 30 European countries between 1983 and 2019, we document the extent and earning consequences of workers’ reallocation across occupations and industries and how these outcomes vary with individual-level characteristics, namely (i) education, (ii) gender, and...

Persistent link: https://www.econbiz.de/10014030478

What Matters for Job Finding and Separation in the Long Run? Evidence from Labor Market Dynamics in New Zealand

Zheng, Guanyu; Nolan, Gulnara; Ball, Christopher; … - 2022

We use the novel anonymized Household Labour Force Survey (HLFS) microdata to analyze job finding rates and job separation rates in New Zealand. We find that individual characteristics, including age, gender, ethnicity and education have a significant impact on job finding and separation rates,...

Persistent link: https://www.econbiz.de/10013491954