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constant correction to survey-derived inequality estimates. Underreporting of income by the bottom 50% of the world income … distribution has become particularly important in recent decades. We reconfirm the findings of the literature that global poverty … and inequality have declined dramatically between 1980 and 2019. Finally, we find that within-country inequality is …
Persistent link: https://www.econbiz.de/10014512057
We evaluate the aggregate, distributional and welfare consequences of alternative government education policies to encourage college completion, such as making college free and improving funding for public schooling. To do so, we construct a general equilibrium overlapping generations model with...
Persistent link: https://www.econbiz.de/10014544745
that both Black and Hispanic households made remarkable progress in terms of mean and median retirement income, poverty … projected poverty rate rising, and the projected replacement rate falling, though expected mean retirement income does rise …. Hispanics also experienced a setback in mean retirement income but continued progress in replacement rates and reducing poverty …
Persistent link: https://www.econbiz.de/10014337766
The share of pre-tax income flowing to the top of the UK income distribution increased continually and substantially in the three decades leading up to the financial crisis, but has changed little since 2013. Using microdata sampled from UK tax records, we describe the nature of top incomes in...
Persistent link: https://www.econbiz.de/10013210046
We review research on the dynamics and distribution of individual earnings and family income. We start with univariate earnings models, which dominate the literature and are often used as the exogenous component of family income in structural models of saving. We present a version of the linear...
Persistent link: https://www.econbiz.de/10013210123
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
Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over …, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … the top, while the cyclical component of inequality dominates dynamics below the median. Inequality in consumption …
Persistent link: https://www.econbiz.de/10014322873
This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates … combine low inflation targets and high levels of wealth inequality …
Persistent link: https://www.econbiz.de/10014287383
We explore the evolution of income inequality and mobility in the U.S. for a large number of subnational groups defined … find that income inequality and income growth patterns identified from administrative tax records differ in important ways … illustrate IDDA's relevance for understanding income inequality trends. First, we extend Bayer and Charles (2018) beyond earnings …
Persistent link: https://www.econbiz.de/10014635672
Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation. Progress on this topic has been inhibited by difficulties in measuring distance and movement in knowledge space. We describe a methodology that infers the mapping of the...
Persistent link: https://www.econbiz.de/10013435165