Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels …) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This … designed to account for the empirically observed negative correlation between income levels and income risk. This interaction …

income distributions. We argue in this paper that the Pareto-Lévy distribution is an interesting candidate for representing … income distribution because its parameters are easy to interpret and it satisfies a specific invariance …-Lévy distribution. We subsequently use wage and income data for Norway and seven other OECD countries to fit the Pareto- Lévy …

: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium …. Instead, high income inequality played a large role. This is because manufacturing job loss typically implies a move to the … increases with the overall level of income inequality in the country, conditional on moving down in the wage distribution. Based …

We explore the extent to which LIS-data can be used to shed light on the presence of women in the top of the income … distribution. We show developments of the share of women in top groups (P90-100 and P99-100) of the labour income distribution for … women in the top of the income distribution based on aggregate tax data, we find that LIS-data give a relatively accurate …

Lupu and Pontusson (2011) argue that the structure of income inequality, rather than its level, can explain differences … are a function of relative income differentials. It makes three central claims: (a) skew in the earnings distribution, the … endogenous to the welfare state; (b) relative earnings differentials are not a valid proxy measure for the structure of income …

reduction in homeownership across generations. Lower-income households find it harder to buy housing, and as a result accumulate …