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the "new inequality" at the very top. Household earnings inequality has risen, driven by male earnings - although a 'catch …-up' of female earnings did hold down individual earnings inequality and reduce within-household inequality. Nevertheless, net … household income inequality fell due to deliberate increases in redistribution, the tax and transfer system's insurance role …
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What do labor income dynamics look like over the life-cycle? What is the relative importance of persistent shocks, transitory shocks and heterogeneous profiles? To what extent do taxes, transfers and the family attenuate these various factors in the evolution of life-cycle inequality? In this...
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