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distribution has become particularly important in recent decades. We reconfirm the findings of the literature that global poverty …
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
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 growth derived from the universe of tax filers and W-2...
Persistent link: https://www.econbiz.de/10014635672
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
We propose a new measure of the rate of poverty we call the Supplemental Expenditure Poverty Measure (SEPM) based on … the minimum bundle necessary to meet basic needs. Our measure differs from conventional income and consumption poverty in … both concept and measurement and it has advantages relative to both. Poverty rates using our basic measure are very close …
Persistent link: https://www.econbiz.de/10013210084
alone, we document that social isolation, poverty, and health challenges are three of the leading correlates of depression …
Persistent link: https://www.econbiz.de/10013388786
One hallmark of U.S. monetary policy since the early 1980s has been moderation in inflation (at least, until recently). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax on income is defined as the difference between the...
Persistent link: https://www.econbiz.de/10014421200
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
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 occupations can "spill over" through consumption into...
Persistent link: https://www.econbiz.de/10014322754