Narrow search
Showing 1 - 10 of 369
Cover Image
Permanent-income inequality
Abbott, Brant; Gallipoli, Giovanni - 2019
wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
Persistent link: https://www.econbiz.de/10012431054
Cover Image
Permanent-income inequality
Abbott, Brant; Gallipoli, Giovanni - In: Quantitative Economics 13 (2022) 3, pp. 1023-1060
of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh …Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … human wealth. The latter mitigates permanent-income inequality, though its influence is diminished by the growing importance …
Persistent link: https://www.econbiz.de/10014536952
Cover Image
Quantifying the Psychological Costs of Unemployment: The Role of Permanent Income
Knabe, Andreas; Rätzel, Steffen - 2007
Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also creates non-pecuniary, psychological costs. We quantify these non-pecuniary losses by using the life satisfaction approach. In contrast to previous studies, we apply Friedman's...
Persistent link: https://www.econbiz.de/10011600678
Cover Image
Birth Weight in the Long-Run
Bharadwaj, Prashant; Lundborg, Petter; Rooth, Dan-Olof - 2015
We study the effect of birth weight on long-run outcomes, including permanent income, income across various stages of the lifecycle, education, social benefits take-up, and adult mortality. For this purpose, we have linked a unique dataset on nearly all Swedish twins born between 1926-1958,...
Persistent link: https://www.econbiz.de/10011307392
Cover Image
European integration and inequality among countries: a lifecycle income analysis
Pastor, Jose M.; Serrano, Lorenzo - 2010
We analyze the effects of the expansions of the European Union on inequality over the period 1960-2005 using an approach based on individuals' lifecycle incomes. This allows us to estimate permanent incomes and consider the effect of both survival rates and different rates of economic growth....
Persistent link: https://www.econbiz.de/10011332734
Cover Image
On the measurement of long-term income inequality and income mobility
Aaberge, Rolf; Mogstad, Magne - 2010
This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each individual into a measure of permanent income, which...
Persistent link: https://www.econbiz.de/10010269542
Cover Image
Measuring long-term inequality of opportunity
Aaberge, Rolf; Mogstad, Magne; Peragine, Vito - 2010
In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle. Our framework allows for both an ex-ante and an ex-post approach to EOp. Our ex-post approach relies on a permanent income measure defined...
Persistent link: https://www.econbiz.de/10010269663
Cover Image
Can we predict vulnerability to poverty?
Zhang, Yuan; Wan, Guanghua - 2008
There are alternative definitions of vulnerability to poverty. Most researchers prefer to define vulnerability as the probability of a household or individual falling into poverty in the future. Based on this definition and using household survey panel data from rural China, this paper attempt...
Persistent link: https://www.econbiz.de/10010273515
Cover Image
The McKenna rule and UK World War I finance
Nason, James M.; Vahey, Shaun P. - 2007
The United Kingdom employed the McKenna rule to conduct fiscal policy during World War I (WWI) and the interwar period. Named for Reginald McKenna, Chancellor of the Exchequer (1915–16), the McKenna rule committed the United Kingdom to a path of debt retirement, which we show was...
Persistent link: https://www.econbiz.de/10010292227
Cover Image
Fiscal policy and Dutch disease
van der Ploeg, Frederick - 2011
In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...
Persistent link: https://www.econbiz.de/10010274754