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, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … expenditures has remained remarkably stable over time. Income pooling within the family and redistribution by the government have … downturn in fifty years in which inequality in disposable income and consumption actually declined …
Persistent link: https://www.econbiz.de/10014322873
We assess the degree of consumption smoothing implicit in a calibrated life-cycle version of the standard incomplete-markets model, and we compare it to the empirical estimates of Blundell et al. (2008) (BPP hereafter). We find that households in the model have access to less...
Persistent link: https://www.econbiz.de/10012463096
Current Population Survey, the Panel Study of Income Dynamics, the Consumer Expenditure Survey, and the Survey of Consumer … earnings, to disposable income, and, ultimately, to consumption and wealth. We document a continuous and sizable increase in … before 1982, but mitigate its increase thereafter. Taxes and transfers compress the level of income inequality, especially at …
Persistent link: https://www.econbiz.de/10012463166
-ante heterogeneity, income processes and asset structure, we show that the most important factor is the share and type of hand …
Persistent link: https://www.econbiz.de/10013210041
composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy … affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest … rate exposure, intertemporal substitution and indirect income channels - affect individual euro area households. We find …
Persistent link: https://www.econbiz.de/10011877402
-expressed as a share of 2021-22 income- were larger than a typical recession, and heterogeneous, e.g., 3% in France and 8% in Italy …
Persistent link: https://www.econbiz.de/10014483008
The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide … range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on …; it offers granular descriptions of income inequality and income dynamics for finely defined subpopulations; and it is …
Persistent link: https://www.econbiz.de/10013388880