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Tax-and-transfer progressivity and business cycles

Jang, Youngsoo; Sunakawa, Takeki; Yum, Minchul - In: Quantitative economics : QE ; journal of the … 14 (2023) 4, pp. 1367-1400

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

Earnings Business Cycles : The COVID Recession, Recovery, and Policy Response

Larrimore, Jeff; Mortenson, Jacob; Splinter, David - 2023

attributable to larger Covid-era stimulus payments and unemployment insurance …

Persistent link: https://www.econbiz.de/10014354830

Earnings Business Cycles : The Covid Recession, Recovery, and Policy Response

Larrimore, Jeff; Mortenson, Jacob; Splinter, David - 2023

attributable to larger Covid-era stimulus payments and unemployment insurance …

Persistent link: https://www.econbiz.de/10014256334

Equilibrium and convergence in personal income distribution? : how European countries performed during a phase of huge economic turbulence (2004-2017)

Guo, Yanling; Sell, Friedrich L. - 2020 - This version: January 2020

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

The Decline, Rebound, and Further Rise in Snap Enrollment : Disentangling Business Cycle Fluctuations and Policy Changes

RPS Institute, Becker Friedman - 2019

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

Moderation in higher-order earnings risk? : evidence from German cohorts

Isaak, Niklas; Jessen, Robin - 2024

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

Moderation in higher-order earnings risk? : evidence from German cohorts

Isaak, Niklas; Jessen, Robin - 2024

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

Cyclical income risk in Great Britain

Angelopulos, Kōnstantinos; Lazarakis, Spyridon; … - 2019

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

Higher-Order Income Risk over the Business Cycle

Busch, Christopher - 2020

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

Cyclical Labor Income Risk

Nakajima, Makoto - 2019

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