Showing 1 - 10 of 86
Top income inequality in the United States has increased considerably within occupations. This phenomenon has led to a … search for a common explanation. We instead develop a theory where increases in income inequality originating within a few … provides non-divisible services to consumers, with physicians our prime example. Examining local income inequality across U …
Persistent link: https://www.econbiz.de/10014322754
, 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 explore the evolution of income inequality and mobility in the U.S. for a large number of subnational groups defined … by race and ethnicity, using granular statistics describing income distributions, income mobility, and conditional income … find that income inequality and income growth patterns identified from administrative tax records differ in important ways …
Persistent link: https://www.econbiz.de/10014635672
We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …
Persistent link: https://www.econbiz.de/10012197858
Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …
Persistent link: https://www.econbiz.de/10012480471
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
-family relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling … size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back … to 1850 by changing income. We find that our proposed mechanism can account for 37 percent of the decline in the number …
Persistent link: https://www.econbiz.de/10012463172
This paper studies long-term trends in the labor market performance of immigrants in the United States, using the 1960-2000 PUMS and 1994-2009 CPS. While there was a continuous decline in the earnings of new immigrants 1960-1990, the trend reversed in the 1990s, with newcomers doing as well in...
Persistent link: https://www.econbiz.de/10012463243
places within countries needs to consider population, income and housing prices simultaneously. Housing supply elasticity …, national income accounts, public economics and housing prices …
Persistent link: https://www.econbiz.de/10012463841
This paper assesses the relative importance of various explanations for the gender gap in career outcomes for highly-educated workers in the U.S. corporate and financial sectors. The careers of MBAs, who graduated between 1990 and 2006 from a top U.S. business school, are studied to understand...
Persistent link: https://www.econbiz.de/10012463966