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Cross Sectional Facts for Macroeconomists

Krueger, Dirk; Perri, Fabrizio; Pistaferri, Luigi; … - In: Review of Economic Dynamics 13 (2010) 1, pp. 1-14

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

Persistent link: https://www.econbiz.de/10008487510

Consumption, Income and Earnings Inequality in Britain

Blundell, Richard; Etheridge, Ben - In: Review of Economic Dynamics 13 (2010) 1, pp. 76-102

This paper presents an analysis of the trends in inequality across income, earnings and consumption in Britain since …

Persistent link: https://www.econbiz.de/10008487514

Investment-Saving Comovement and Capital Mobility: Evidence from Century Long U.S. Time Series

Levy, Daniel - In: Review of Economic Dynamics 3 (2000) 1, pp. 100-136

This paper makes three contributions: First, I construct annual time series of gross domestic investment and national saving in the U.S. for the 1897–1949 period using historical component series. I compare the qualitative and quantitative properties of the newly constructed series with the...

Persistent link: https://www.econbiz.de/10012140554

The Tax Cuts and Jobs Act (TCJA) : A Quantitative Evaluation of Key Provisions

Zeida, Teegawende H. - 2021

The Tax Cuts and Jobs Act (TCJA) significantly altered how business income is taxed in the US. This paper provides a … margin critically important in analyzing the potential impacts of the new tax reform …

Persistent link: https://www.econbiz.de/10013218364

Quantitative Analysis of Health Insurance Reform: Separating Regulation from Redistribution

Pashchenko, Svetlana; Porapakkarm, Ponpoje - In: Review of Economic Dynamics 16 (2013) 3, pp. 383-404

an increase in income redistribution in the economy. Which component contributes more to the welfare outcome of the … expenses and labor income risks. We replicate the key features of the current health insurance system in the U.S. and calibrate …

Persistent link: https://www.econbiz.de/10010856601

Credit constraints, inelastic supply, and the housing boom

Chu, Yongqiang - In: Review of Economic Dynamics 17 (2014) 1, pp. 52-69

other, the increase in real household income and the decline in down payment requirements can explain a large fraction of …

Persistent link: https://www.econbiz.de/10010856603

Leveraged Borrowing and Boom-Bust Cycles

Pintus, Patrick; Wen, Yi - In: Review of Economic Dynamics 16 (2013) 4, pp. 617-633

Investment booms and asset "bubbles" are often the consequence of heavily leveraged borrowing and speculations of persistent growth in asset demand. We show theoretically that dynamic interactions between elastic credit supply (due to leveraged borrowing) and persistent credit demand (due to...

Persistent link: https://www.econbiz.de/10010856604

Saving Up or Settling Down: Home Ownership over the Life Cycle

Halket, Jonathan; Vasudev, Santhanagopalan - In: Review of Economic Dynamics 17 (2014) 2, pp. 345-366

In a Bewley model with endogenous price volatility, home ownership and mobility across locations and jobs, we assess the contribution of financial constraints, housing illiquidities and house price risk to home ownership over the life cycle. The model can explain the rise in home ownership and...

Persistent link: https://www.econbiz.de/10010856606

Wealth and Labor Supply Heterogeneity

Mustre-del-Rio, Jose - In: Review of Economic Dynamics

This paper examines the importance of ex-ante heterogeneity for understanding the relationship between wealth and labor supply when markets are incomplete. An infinite horizon model is estimated where labor supply is indivisible and households are ex-ante heterogeneous in their labor disutility...

Persistent link: https://www.econbiz.de/10010945602

Interpreting Life Cycle Inequality Patterns as an Efficient Allocation: Mission Impossible?

Badel, Alejandro; Huggett, Mark - In: Review of Economic Dynamics 17 (2014) 4, pp. 613-629

The life-cycle patterns of consumption, wage and hours inequality observed in U.S. cross-section data are commonly viewed as incompatible with a Pareto efficient allocation. We determine the extent to which these qualitative and quantitative patterns can or cannot be produced by Pareto efficient...

Persistent link: https://www.econbiz.de/10010945607