household welfare in terms of consumption expenditure, income, assets and poverty status. The results show large gaps between …

the poverty headcount by 1.6 percentage points. Driving this result was an increase in employment, wages and non …

This paper studies the impact of import competition from China on informality and wages in the Peruvian manufacturing … surge in imports from China on the likelihood of being hired in the informal sector and on wages in both the formal and … among workers with only elementary educationarguably one of the less-skilled groups. Regarding the impact on real wages, we …

patents, information and communication technology (ICT) capital usage, and robot intensity - on average wages and labour … technologies have a generally limited impact on wages and labour income shares. …

During the Great Recession, the collapse of consumption across the U.S. varied greatly but systematically with house …-price declines. We find that financial distress among U.S. households amplified the sensitivity of consumption to house-price shocks …-estimated-dynamic model to measure the financial distress channel, we find that these two facts amplify the aggregate drop in consumption by 7 …

housing crash from 2006 to 2011 and its implications for aggregate and cross-sectional consumption during the Great Recession … consumption. Balance sheets act as a transmission mechanism from housing to consumption that depends on gross portfolio positions … and the leverage distribution. Low interest rate policies accelerate the recovery in housing and consumption …

). Allowing for richer earnings dynamics implies a substantially better profit of the evolution of cross-sectional consumption … inequality over the life cycle and of the individual-level degree of consumption insurance against persistent earnings shocks …