This paper examines the impact of downward wage rigidity (nominal and real) on optimal steady-state inflation. For this purpose, we extend the workhorse model of Erceg, Henderson and Levin (2000) by introducing asymmetric menu costs for wage setting. We estimate the key parameters by simulated...

This paper uses microdata from the Luxembourg Income Study (LIS) to estimate and compare four dimensions of the well-being of the aged in Taiwan and eight other countries - the United States, Japan, Australia, Poland, Finland, Germany, Hungary and Canada. Together, these nine countries cover a...

In this paper I will study in a comparative perspective how taxes, social transfers and tax expenditures effect the social policy goal of redistributing income. The following countries are included in the analysis: Australia, Denmark, Finland, Germany, Norway, Sweden, United Kingdom and United...

The aim of this paper is twofold. First, to analyze the relationship between the distribution of household income and the distribution of working time in six European countries and in the United States. The second objective is to assess how the tax and transfer systems affect the gender...

The purpose of this paper is to compare the groups of the unemployed, low-paid workers and precarious/part-time workers; and their families' disposable incomes. Comparable data from three countries, i.e. Finland, Germany and the United Kingdom is used.

In this paper we use microdata on employment and earnings from a variety of industrialized countries to investigate the family gap in pay - the differential in hourly wages between women with children and women without children. We present results from seven countries: Australia, Canada, the...

The goal of this study is to look at different countries, study their redistribution policies and discuss the effects of the redistribution/incentives tradeoff. Since we want to look at countries that display different degrees of government intervention, we pick countries belonging to both...

Current debates on the welfare state entail two intertwined questions. First, does a nation have sufficient active labor force participation to maintain the benefits for non-participants? Second, do social provisions exacerbate or attenuate class, ethnic and other distinctions within society? As...

Comparative research of poverty, income inequality and the effectiveness of income transfer systems has flourished during the last two decades, largely owing to the contribution of the Luxembourg Income Study project. So far, however, the majority of comparative analyses have been based on a...

Using regional incomes as the reference group, disposable income poverty rates are computed for the two most recent waves of Luxembourg Income Study (LIS) data available for the following countries: Australia, Canada, Finland, France, Germany, Italy, the United Kingdom, and the United States. In...