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We analyze how relative wage movements across birth cohorts and education groups during the 1980s affected the distribution of household consumption. The analysis integrates the labor economics literature on time variation in the wage structure with the consumption insurance literature. In...
Persistent link: https://www.econbiz.de/10013139905
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10013104733
Medicaid is a government program that provides health insurance to the old who are sick and have little assets and income compared to their medical needs. Thus, it explicitly tests for income, assets, and health or medical needs to determine eligibility. We ask how these rules map into the...
Persistent link: https://www.econbiz.de/10013001207
limited both the level and growth of consumption inequality …
Persistent link: https://www.econbiz.de/10013150375
over the same period. These trends occured against the backdrop of lower trend growth of earnings, incomes and consumption …
Persistent link: https://www.econbiz.de/10013152554
Using panel data on individual labor income histories from 1957 to 2013, we document two empirical facts about the distribution of lifetime income in the United States. First, from the cohort that entered the labor market in 1967 to the cohort that entered in 1983, median lifetime income of men...
Persistent link: https://www.econbiz.de/10012957368
We document a decline in the frequency of shopping trips in the U.S. since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e. inventory behavior) will lead to a rise in expenditure...
Persistent link: https://www.econbiz.de/10012957375
growth that depends critically on the assimilation ability and the factor input mismatch. Our baseline model accounts for 80 … ability account for 41% and 20% of the global growth variation, whereas physical capital accounts for about one third with … human capital largely inconsequential. In particular, about 30% of the output growth in miracle Asian economies comes from …
Persistent link: https://www.econbiz.de/10012911691
Understanding inequality and devising policies to alleviate it was a central focus of Jan Tinbergen's lifetime research. He was far ahead of his time in many aspects of his work. This essay places his work in the perspective of research on inequality in his time and now, focusing on his studies...
Persistent link: https://www.econbiz.de/10012895908
We construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality...
Persistent link: https://www.econbiz.de/10012758246