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How Should Tax Progressivity Respond to Rising Income Inequality?

Heathcote, Jonathan - 2020

We address this question in a heterogeneous-agent incomplete-markets model featuring exogenous idiosyncratic risk, endogenous skill investment, and flexible labor supply. The tax and transfer schedule is restricted to be log-linear in income, a good description of the US system. Rising...

Persistent link: https://www.econbiz.de/10012482226

Unequal We Stand : An Empirical Analysis of Economic Inequality in the United States, 1967-2006

Heathcote, Jonathan - 2009

We conduct a systematic empirical study of cross-sectional inequality in the United States, integrating data from the Current Population Survey, the Panel Study of Income Dynamics, the Consumer Expenditure Survey, and the Survey of Consumer Finances. In order to understand how different...

Persistent link: https://www.econbiz.de/10012463166

Consumption and Labor Supply with Partial Insurance : An Analytical Framework

Heathcote, Jonathan - 2009

This paper studies consumption and labor supply in a model where agents have partial insurance and face risk and initial heterogeneity in wages and preferences. Equilibrium allocations and variances and covariances of wages, hours and consumption are solved for analytically. We prove that all...

Persistent link: https://www.econbiz.de/10012463392

The Macroeconomic Implications of Rising Wage Inequality in the United States

Heathcote, Jonathan - 2008

In recent decades, the US wage structure has been transformed by a rising college premium, a narrowing gender gap, and increasing persistent and transitory residual wage dispersion. This paper explores the implications of these changes for cross-sectional inequality in hours worked, earnings and...

Persistent link: https://www.econbiz.de/10012464594

More Unequal We Stand? : Inequality Dynamics in the United States 1967-2021

Heathcote, Jonathan; Perri, Fabrizio; Violante, Giovanni L. - National Bureau of Economic Research - 2023

Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over the years 1967-2006, using publicly-available survey data. This paper expands the analysis, and extends it to 2021. We find that since the early 2000s, the college wage premium...

Persistent link: https://www.econbiz.de/10014322873

Abundance from Abroad : Migrant Income and Long-Run Economic Development

Khanna, Gaurav; Murathanoglu, Emir; Theoharides, Caroline; … - National Bureau of Economic Research - 2022

How does income from international migrant labor affect the long-run development of migrant-origin areas? We leverage the 1997 Asian Financial Crisis to identify exogenous changes in international migrant income across regions of the Philippines, derived from spatial variation in exposure to...

Persistent link: https://www.econbiz.de/10013172161

International Migration, Remittances, and Household Investment : Evidence from Philippine Migrants' Exchange Rate Shocks

Yang, Dean - 2006

peso leads to increases in household remittances received from overseas. The estimated elasticity of Philippine …-peso remittances with respect to the Philippine/foreign exchange rate is 0.60. These positive income shocks lead to enhanced human …

Persistent link: https://www.econbiz.de/10012466340

Directing Remittances to Education with Soft and Hard Commitments : Evidence from a Lab-in-the-field Experiment and New Product Take-up Among Filipino Migrants in Rome

De Arcangelis, Giuseppe - 2015

This paper tests how migrants' willingness to remit changes when given the ability to direct remittances to educational … commitment of simply labeling remittances as being for education, to the hard commitment of having funds directly paid to a … raises remittances by more than 15 percent. Adding the ability to directly send this funding to the school adds only a …

Persistent link: https://www.econbiz.de/10012457827

Remittance Responses to Temporary Discounts : A Field Experiment among Central American Migrants

Ambler, Kate - 2014

We study the impacts on remittances of offering migrants temporary discounts on remittance transaction fees. We … weeks after expiration of the discount. We find no evidence that the discounts cause migrants to shift remittances from … other remittance channels, or to send remittances on behalf of other migrants. These findings are consistent with naïveté on …

Persistent link: https://www.econbiz.de/10012458143

Channeling Remittances to Education : A Field Experiment Among Migrants from El Salvador

Ambler, Kate - 2014

We implement a randomized experiment offering Salvadoran migrants matching funds for educational remittances, which are … remittances …

Persistent link: https://www.econbiz.de/10012458404