Showing 1 - 10 of 2,828
This paper studies how tax-and-transfer progressivity influences aggregate fluctuations when interacting with household heterogeneity. Using a simple static model of the extensive margin labor supply, we analytically characterize how a degree of progressivity influences differential labor supply...
Persistent link: https://www.econbiz.de/10014496528
attributable to larger Covid-era stimulus payments and unemployment insurance …
Persistent link: https://www.econbiz.de/10014354830
attributable to larger Covid-era stimulus payments and unemployment insurance …
Persistent link: https://www.econbiz.de/10014256334
The authors set up a political economy equilibrium framework for personal income distribution. Located in status theory, their concept is able to explain what justifies a certain or optimal degree of inequality in the society. The authors present an empirical analysis of personal income...
Persistent link: https://www.econbiz.de/10012146968
analyze changes in program enrollment over the past two decades, quantifying the contributions of unemployment and state … in unemployment raises enrollment by 15 percent. Unemployment explains most of the decrease in enrollment in the late … 1990s, state policy changes explain more of the increase in enrollment in the early 2000s, and unemployment explains most …
Persistent link: https://www.econbiz.de/10012868505
Women born later experience greater earnings growth volatility at given ages than the next older cohort. This alone would imply a welfare loss due to increased earnings risk. However, using German registry data for the years 2001-2016, we document a moderation in higher-order earnings risk: Both...
Persistent link: https://www.econbiz.de/10015196287
Women born later experience greater earnings growth volatility at given ages than older cohorts. This implies a welfare loss due to increased earnings risk. However, German registry data for the years 2001-2016 reveal a moderation in higher-order earnings risk: Men and women born later face...
Persistent link: https://www.econbiz.de/10015162770
This paper establishes new evidence on the cyclical behaviour of household income risk in Great Britain and assesses the role of social insurance policy in mitigating against this risk. We address these issues using the British Household Panel Survey (1991-2008) by decomposing stochastic...
Persistent link: https://www.econbiz.de/10011996331
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012833986
We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main findings. First, we find that head's labor income exhibits countercyclical variance and procyclical skewness. Second, the cyclicality of hourly wages is muted, suggesting that...
Persistent link: https://www.econbiz.de/10012865260