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model is used to consistently recover the full distribution of wages accounting for systematic differences in employment …, permitting us to construct gender- and education-specific age-wage profiles, as well as measures of life cycle inequality within …- and between-education groups and gender. Although common within-group time effects are shown to be a key driver of labor …
Persistent link: https://www.econbiz.de/10014373594
This paper makes three contributions to the existing literature. First, it provides descriptive evidence on gender … differentials by education level in the US labor market over the last twenty years. Second, it uses the structural estimation of a … search model of the labor market to identify and quantify the impact of employers' prejudice on labor market gender …
Persistent link: https://www.econbiz.de/10009684203
Persistent link: https://www.econbiz.de/10003406224
1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices …. After 1980, along with a decline in the fiscal multiplier, the response of stock prices to the same shock became negative …
Persistent link: https://www.econbiz.de/10011627039
This paper uses state-level data to estimate the effect of federal defense spending shocks on state real activity. We find moderately strong evidence that for the average state the fiscal multiplier is larger during recessions. However, there is substantial heterogeneity across the...
Persistent link: https://www.econbiz.de/10011773635
This paper provides evidence on the effect of fiscal stimulus on economic activity in countries with different degrees of institutional quality. The identification strategy makes use of data on military expenditure to instrument government consumption using local lineal projections as presented...
Persistent link: https://www.econbiz.de/10012238283
Austrian tax-benet system, however, reduces this gender dierences. Disposable income has dropped by around 1% for both males …
Persistent link: https://www.econbiz.de/10012543855
Persistent link: https://www.econbiz.de/10009380047
Persistent link: https://www.econbiz.de/10010465750
The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use detailed micro level information to construct quarterly historical measures of inequality from 1969 to 2012. We investigate whether monetary policy shocks played a role in explaining...
Persistent link: https://www.econbiz.de/10011431334