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The Effects of Labour Market Reforms upon Unemployment and Income Inequalities : An Agent Based Model

Dosi, Giovanni - 2016

This paper is meant to analyse the effects of labour market structural reforms by means of an agent-based model. Building on Dosi et al. (2016b) we introduce a policy regime change characterized by a set of structural reforms on the labour market, keeping constant the structure of the capital-...

Persistent link: https://www.econbiz.de/10012987633

The distributional effects of peer and aspirational pressure

Angelopulos, Kōnstantinos; Lazarakis, Spyridon; … - 2019

We develop a theoretical framework where the cross-sectional distributions of hours, earnings, wealth and consumption are determined jointly with a set of expenditure targets defining peer and aspirational pressure for members of different social classes. We show existence of a stationary...

Persistent link: https://www.econbiz.de/10012103597

Shocks, frictions, and inequality in US business cycles

Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020

How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...

Persistent link: https://www.econbiz.de/10012162730

A general equilibrium model of earnings, income, and wealth

Glawion, René; Haller, Frédéric; Puche, Marc - 2020

We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend existing analytical and numerical methods to solve the model. We calibrate the model to U.S. data and find that stochastic interest rates provide a mechanism to link earnings, income...

Persistent link: https://www.econbiz.de/10012426925

Borrowing constraints, search, and life-cycle inequality

Griffy, Benjamin - 2017 - This Version: Nov. 24th, 2017

they receive an increase in their unemployment insurance. I then construct a life-cycle model with risk averse workers who …

Persistent link: https://www.econbiz.de/10011963363

How Do Fiscal and Labor Policies in France Affect Inequality?

Espinoza, Raphael A. - 2016

This paper explores the impact of fiscal and labor market policies on efficiency, inequality, and fiscal outcomes in France. We extend the general equilibrium model calibrated for France by Alla and others (2015), with measures of labor and capital income for different groups in the economy (the...

Persistent link: https://www.econbiz.de/10012996059

COVID-19 and (gender) inequality in income : the impact of discretionary policy measures in Austria

Christl, Michael; De Poli, Silvia; Kucsera, Dénes; … - 2021

This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques, that enable specic labor market transitions to be modeled. We find that discretionary fiscal policy measures in...

Persistent link: https://www.econbiz.de/10012543855

Inequality, democracy, institutional quality, and fiscal redistribution

Chong, Alberto (contributor); … - 2007

This paper studies the joint effect of economic and political inequalities on redistributive taxation and institutional quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The...

Persistent link: https://www.econbiz.de/10003776340

Inefficiencies and Inequities of Capitalism - And How They Can Be Reduced

Turnbull, Shann - 2011

Perpetual property rights to land, structures, corporations and money allows investors to be overpaid to create inefficiencies and inequities in a way not measured by accountants and little noticed by economists. All intellectual property rights have limited life. Most assets depreciate over...

Persistent link: https://www.econbiz.de/10013124770

Confronting the Endogeneity of Economy, Policy, and Politics : Inequality & Unemployment, Redistribution & Social Insurance, and Political Participation

Franzese, Robert J.; Hays, Jude C. - 2014

Conflicts of interest over the generosity and structure of redistribution and social insurance (jointly: social policy … which, instead, inequality reduces median-voter demand for social insurance. In each case, the generosity and structure of … (redistribution/social-insurance), and political participation. This paper represents an attempt to elaborate the nature of these …

Persistent link: https://www.econbiz.de/10014219906

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