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This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10010267918
This paper studies how heterogeneity in income dynamics affects the POUM hypothesis (the idea that poor people do not support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals evaluate their expected future income using both their...
Persistent link: https://www.econbiz.de/10010293407
Much of America's promise is predicated on the existence of economic mobilitythe idea that people are not limited or defined by where they start, but can move up the economic ladder based on their efforts and accomplishments. Family income mobilitychanges in individual families' real incomes...
Persistent link: https://www.econbiz.de/10010280955
Though much has been written about annual income inequality in China, little research has been conducted on longer run measures of income inequality and on income mobility. This paper compares income mobility of urban individuals in China and the United States in the 1990s. The following...
Persistent link: https://www.econbiz.de/10010276243
markets. Using German administrative data we describe wage mobility since 1975 in West and since 1992 in East Germany. Wage … mobility declined substantially in East Germany in the 1990s and moderately in East and West Germany since the late 1990s …
Persistent link: https://www.econbiz.de/10010294700
markets. Using German administrative data we describe wage mobility since 1975 in West and since 1992 in East Germany. Wage … mobility declined substantially in East Germany in the 1990s and moderately in East and West Germany since the late 1990s …
Persistent link: https://www.econbiz.de/10010286898
earnings in Germany and to provide a cross-country comparison of Germany, Denmark, and the US. The main findings are as follows …: the importance of family and community background in Germany is higher than in Denmark and comparable to that in the US … to family and community factors shared by brothers while the corresponding estimates are 43 percent in Germany and 45 …
Persistent link: https://www.econbiz.de/10011601007
Persistent link: https://www.econbiz.de/10011475457
Persistent link: https://www.econbiz.de/10011475535
Persistent link: https://www.econbiz.de/10011475537