equilibrium model is developed, exploiting these facts to quantitatively assess the race crime gap, that is the difference in … crime explained by the difference in observables. The model is calibrated relying on US data and solved numerically. The … model captures well relevant dimensions of the crime phenomenon, such as the inmates composition by race, employment status …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

This chapter discusses the large literature and numerous issues regarding education-related differences in income in …. Following the 1940 Decennial Census, which collected information on educational attainment and on earned income and time worked … 1950s/early 1960s greatly expanded the research on education and income and shifted the focus to wages. The human capital …