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This paper studies how heterogeneity in income dynamics affects the POUM hypothesis (the idea that poor people do not support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals evaluate their expected future income using both their...
Persistent link: https://www.econbiz.de/10010293407
. Therefore, wage mobility does not balance recent increases in cross-sectional wage inequality. We apply RIF (recentered …
Persistent link: https://www.econbiz.de/10010294700
distribution. Individual wage mobility decreased between 1984/1987 and 2004/2007, while inequality increased steadily from the mid …
Persistent link: https://www.econbiz.de/10010299075
inequality generated in the market? In order to answer these questions, we need to be equipped with adequate measures of …
Persistent link: https://www.econbiz.de/10010335510
. This holds true for brothers and sisters. In Denmark 20 percent of the inequality in permanent earnings can be attributed …
Persistent link: https://www.econbiz.de/10011601007
persistence of transitory shocks and their implications for the persistence of poverty and income inequality. The results suggest … that 52 to 69 percent of income inequality in West Germany were due to permanent differences between individuals and that … to overall income inequality increased from 20 percent in 1990 to over 70 percent in 1998 and the persistence of poverty …
Persistent link: https://www.econbiz.de/10010262791
-national differences in the dynamic structure of earnings: in permanent inequality, transitory inequality and earnings mobility. Based on … ECHP, minimum distance estimator is used to decompose earnings inequality into the permanent and transitory components and … squares setting to estimate the relationship between permanent inequality, transitory inequality and earnings mobility, and …
Persistent link: https://www.econbiz.de/10010269145
. All countries recording an increase in cross-sectional inequality recorded also a decrease in short-term mobility. Among … countries where inequality decreased, short-term mobility increased in Denmark, Spain, Ireland and UK, and decreased in Belgium …
Persistent link: https://www.econbiz.de/10010269400
This brief paper draws attention to molecular genetic research which may provide a new dimension to our understanding of how socioeconomic outcomes are generated. In particular, we provide an overview of the recently emerging evidence of gene-environment interaction effects. This literature...
Persistent link: https://www.econbiz.de/10010269567
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10010274890