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The Wage Curve After the Great Recession
Blanchflower, David G.; Bryson, Alex; Spurling, Jackson - National Bureau of Economic Research - 2022
Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …
Persistent link: https://www.econbiz.de/10013361977
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The Job Ladder : Inflation vs. Reallocation
Moscarini, Giuseppe; Postel-Vinay, Fabien - National Bureau of Economic Research - 2023
, unemployment and inflation to aggregate shocks. The ratio between job-finding probabilities from job-to-job and from unemployment … the unemployment rate …
Persistent link: https://www.econbiz.de/10014322853
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Shaping Inequality and Intergenerational Persistence of Poverty : Free College or Better Schools
Krueger, Dirk; Ludwig, Alexander; Popova, Irina - National Bureau of Economic Research - 2024
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
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Skill Depreciation during Unemployment : Evidence from Panel Data
Cohen, Jonathan P.; Johnston, Andrew; Lindner, Attila - National Bureau of Economic Research - 2023
workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …
Persistent link: https://www.econbiz.de/10014250138
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The Costs of Job Displacement over the Business Cycle and Its Sources : Evidence from Germany
Schmieder, Johannes; Wachter, Till von; Heining, Jörg - National Bureau of Economic Research - 2022
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...
Persistent link: https://www.econbiz.de/10013334381
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Wellbeing, Expectations and Unemployment in Europe
Blanchflower, David G.; Bryson, Alex - National Bureau of Economic Research - 2023
variables while it is uncorrelated with life satisfaction. The unemployment rate and the CPI reduce both. We analyze data for 29 … European countries to predict changes in the unemployment rate 12 months ahead using individuals' fears of unemployment in the … presence of country and year fixed effects and lagged unemployment. We also use firms' expectations of future employment, which …
Persistent link: https://www.econbiz.de/10014447326
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Top Income Inequality and Tax Policy
Delestre, Isaac; Kopczuk, Wojciech; Miller, Helen; … - National Bureau of Economic Research - 2022
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
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Individual Earnings and Family Income : Dynamics and Distribution
Altonji, Joseph G.; Hynsjö, Disa M.; Vidangos, Ivan - National Bureau of Economic Research - 2022
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
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Inequality Within Countries is Falling : Underreporting-Robust Estimates of World Poverty, Inequality and the Global Distribution of Income
Pinkovskiy, Maxim; Sala-i-Martin, Xavier; … - National Bureau of Economic Research - 2024
Household surveys suffer from persistent and growing underreporting. We propose a novel procedure to adjust reported survey incomes for underreporting by estimating a model of misreporting whose main parameter of interest is the elasticity of regional national accounts income to regional survey...
Persistent link: https://www.econbiz.de/10014512057
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The Spillover Effects of Top Income Inequality
Gottlieb, Joshua D.; Hémous, David; Hicks, Jeffrey; … - National Bureau of Economic Research - 2023
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