Showing 1 - 10 of 63
We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our study employs newly constructed financial condition indices that incorporate banking variables extensively. We apply a non-linear Vector Smooth Transition Autoregressive...
Persistent link: https://www.econbiz.de/10010489891
Individual sales prices and local vacancy rates in the housing market pose a natural analogy to the wage curve, a … popular concept in labor economics that describes how individual wages decrease with higher local unemployment. While housing … search and matching models and housing externalities strongly suggest a stable inverse relationship, there is still a lack of …
Persistent link: https://www.econbiz.de/10011570572
This paper investigates the impact of a high school degree on the wage distribution in the period from 1984 to 2004 in Germany. In that period the share of male workers with a high school degree increased from 16 to 25 percent. An econometric evaluation estimator is used to analyze quantile...
Persistent link: https://www.econbiz.de/10003401062
estimate changes in household welfare, inequality and social welfare corresponding to different reforms. First, we find that an … income inequality and decreases social welfare. …
Persistent link: https://www.econbiz.de/10011574891
Deprived housing conditions have long been recognized as a source of poor health. Nevertheless, there is scant … empirical evidence of a causal relationship between housing and health. The literature identifies two different pathways by … which housing deprivation affects health, namely, neighborhood effects and the effects of the individual dwelling unit …
Persistent link: https://www.econbiz.de/10010416204
policies are able to effectively reduce income inequality. We contribute to this research question by using different country …-level data sources to study inequality trends in OECD countries since 1980. We first investigate the development of inequality … over time before analyzing the question of whether governments can effectively reduce inequality. Different identification …
Persistent link: https://www.econbiz.de/10010238356
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to … inequality by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts … for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral …
Persistent link: https://www.econbiz.de/10010229895
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10010459794
persists for PIT reductions, while the overall effects on inequality and progressivity become lower when payroll taxes are …
Persistent link: https://www.econbiz.de/10011286036
Countries with high income inequality also show a strong association between parents' and children’s economic well … experiencing higher income inequality in childhood is associated with lower intergenerational mobility measured in adulthood …
Persistent link: https://www.econbiz.de/10011932596