Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...

This paper estimates income gap ratios and Gini coefficients of poor Americans and combines them with official U.S. government poverty statistics to create a new time series of Sen indices of poverty. The effects of growth and other determinants of aggregate poverty are investigated over the...

Previous research has shown that economic growth should help to reduce the rate of poverty. However, a number of recent studies find that the economic expansion of the 1980's had no statistically significant effect on aggregate poverty. We show that a Fourier approximation provides a better...

High wages generally prevail in industries with substantial foreign direct investment (FDI) in developed countries. This study examines whether such wages are economically justified by revealing the effect of worker and industry characteristics on the FDI-domestic wage relationship. Findings...