quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor … and long-run growth. Our model can generate transitory informality equilibria or informality-induced poverty traps. Its … calibration reveals that the case for the poverty-trap hypothesis is strong: although informality serves to protect low …

substantially higher employment (all else equal), which in turn amplifies income inequality across couples. Using NLSY79, we … accumulation and implied wage growth. Inequality between couples is largely driven by the persistence in labor supply choices and …

generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …

We study the determinants of lifetime earnings (LE) inequality in the United States, for which differences in lifetime …

We study how technological change affects between‐ and within‐education‐group inequality in the United States. We … main driver of the increase in between‐ and within‐group inequality. Technological change in firm productivity, in the form … of higher firm productivity dispersion, plays a less important role in explaining rising inequality, except for the …

by these segments of the labor market, as well as the high frequency of transitions between them. Informality is …

with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to …

and how these might influence aggregate savings and wealth inequality. This paper aims to fill that gap by examining both … features labor and capital market segmentation, and it is calibrated to replicate the saving rates, wealth inequality and …