Showing 1 - 10 of 2,984
A recent literature has advanced the use of Engel curves to estimate overall CPI bias. In this paper, I show that the methodology is sensitive to the modeling of household demography. Existing estimates of CPI bias do not account for the changing effect of household size on budget shares, and...
Persistent link: https://www.econbiz.de/10012464777
We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income …
Persistent link: https://www.econbiz.de/10012461825
per-capita income. Economic conditions also affect conflict dynamics, as higher per-capita income reduces the persistence …
Persistent link: https://www.econbiz.de/10012458408
Income and home ownership both surged in the United States between 1940 and 1960. We use cross-place variation in … changes in real income to assess the importance of income gains to the mid-century home ownership boom. OLS and IV estimates …
Persistent link: https://www.econbiz.de/10014287350
on income is defined as the difference between the nominal and real growth in income. This term is always negative (as … inequality, and the racial wealth gap. The results show that inflation boosted the real income of the middle wealth quintile by a … income. Inflation also boosted mean and especially median real wealth growth, reduced wealth inequality, and lowered the …
Persistent link: https://www.econbiz.de/10014421200
with similar tenants. We link the tenants to their tax records to obtain information on demographics, income, mobility … negative income shocks, evidencing a collateral effect …
Persistent link: https://www.econbiz.de/10012455798
We study a newly constructed panel data set of relative prices of a large number of consumer goods among 31 European countries. We find that there is a substantial and non-diminishing deviation from PPP at all levels of aggregation, even among eurozone members. However, real exchange rates are...
Persistent link: https://www.econbiz.de/10012462902
A large literature has documented a significant increase in the difference between the wage of college graduates and high school graduates over the past 30 years. I show that from 1980 to 2000, college graduates have experienced relatively larger increases in cost of living, because they have...
Persistent link: https://www.econbiz.de/10012464279
We examine a model in which per capita income, inequality, intergenerational mobility, and returns to education are all …, inequality, and per capita income. Equilibria with higher levels of output also have lower inequality, higher mobility, and more …
Persistent link: https://www.econbiz.de/10012472744
This paper presents new information on the fraction of adjusted gross income, and of wages and salaries, that is … reported by taxpayers in the top one half of one percent of the income distribution. This corresponds to roughly five hundred … thousand households in the late 1990s. This paper relies on data from the Treasury's Individual Income Tax Model for the period …
Persistent link: https://www.econbiz.de/10012471249