This paper combines matching frictions with e¢ ciency wages to deter shirking in a model that is estimated for the USA and the UK to derive the underlying structural parameters. Methods robust to weak instruments are used to show that, for both countries, both matching frictions and efficiency...

The global financial crisis has now spread across multiple countries and sectors, affecting both financial and real spheres in the advanced as well as the developing economies. This has been caused by policies based on rational expectation models that advocate deregulated finance, with...

Increasing income inequality has made economists focus on income mobility issue which enables individuals to relocate their income position up to higher income groups. Income mobility and its effects on inequalities have begun to be investigated following 2000s and rather for developed countries...

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence...

This paper analyzes the welfare costs of business cycles when workers face uninsurable idiosyncratic labor income risk. In accordance with the previous literature, this paper decomposes labor income risk into an aggregate and an idiosyncratic component, but in contrast to the previous...

The authors estimate changes in the distribution of household consumption expenditure in Namibia since Independence in 1990 and the effects on poverty. To produce comparability between two household surveys, they use survey matching techniques and apply the framework of stochastic dominance to...

This paper studies income poverty among the 50+ population in 10 EU countries using newly collected data from the SHARE (Survey of Health, Ageing and Retirement in Europe) project. A measure of the household's disposable annual income is used. Relative income poverty range from 10 percent (in...

For the purpose of studying the consequences of the ageing of the Swedish population a group of scientists have enlarged the microsimulation model SESIM - originally developed at the Swedish Ministry of Finance - with modules that simulate health status, take up of sickness benefits, retirement,...

This paper evaluates the impact of a large macroeconomic shock on poverty. In particular, we use longitudinal data from the European Survey on Income and Living Conditions (EU-SILC) comprising almost two million individuals from 29 European countries in order to quantify changes in poverty...

The degree of income inequality in Sweden has varied substantially since the 1970s. This study analyzes whether this variation has affected the crime rate using a panel of Swedish county-level data for the period 1973-2000. We consider various measures of income inequality to evaluate which part...