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The Great Recession and racial inequality : evidence from measures of economic well-being
Masterson, Thomas; Zacharias, Ajit; Rios-Avila, Fernando; … - 2017
The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The … in overall economic well-being and inequality as well as changes in racial economic inequality over the Great Recession …, during the Great Recession racial inequality in terms of the Levy Institute Measure of Economic Well-Being (LIMEW) decreased …
Persistent link: https://www.econbiz.de/10011591483
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Shocks, Frictions, and Inequality in US Business Cycles
Bayer, Christian - 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/10012841741
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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
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Interventionist Preferences and the Welfare State : The Case of In-Kind Aid
Ambuehl, Sandro; Bernheim, Bert Douglas; Fan, Tony Q.; … - National Bureau of Economic Research - 2025
Why is in-kind aid a prominent feature of welfare systems? We present a lab-in-the-field experiment involving members …
Persistent link: https://www.econbiz.de/10015398140
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Do Economic Conditions Affect Climate Change Beliefs? Evidence from the U.S. in the Wake of the Great Recession
Meyer, Andrew - 2020
rely on a panel of U.S. individuals from 2010-2014, the period of recovery following the Great Recession. The panel helps …
Persistent link: https://www.econbiz.de/10012830688
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Billionaire Superstar : Public Image and Demand for Taxation
Perez-Truglia, Ricardo; Yusof, Jeffrey - National Bureau of Economic Research - 2024
highly public lives, with some achieving superstar status. Despite growing inequality, billionaires face effective tax rates …
Persistent link: https://www.econbiz.de/10014635675
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A comparison of the poverty impact of transfers, taxes and market income across five OECD countries
Bibi, Sami (contributor); Duclos, Jean-Yves (contributor) - 2008
This paper compares the poverty reduction impact of income sources, taxes and transfers across five OECD countries. Since the estimation of that impact can depend on the order in which the various income sources are introduced into the analysis, it is done by using the Shapley value. Estimates...
Persistent link: https://www.econbiz.de/10003777874
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Income thresholds and income classes
D'Ambrosio, Conchita; Mulière, Pietro; Secchi, Piercesare - 2003
This paper proposes a method for detecting income classes based on the change-point problem. There is an increasing demand for such a method in the literature. Computation of polarization indices requires a pre-grouping of the incomes. Similarly, indices of social exclusion and sometimes indices...
Persistent link: https://www.econbiz.de/10011437377
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Cold progression and its effects on income distribution
Heer, Burkhard; Süssmuth, Bernd - 2003
. The main mechanism emphasized in this paper is the tax income bracket effect. Governments only adjust the nominal income … tax brackets slowly to a rise in prices, typically less often than once every other year in the US post-war history. We … successive adjustments of the income tax schedule reduces employment, savings, and output significantly. …
Persistent link: https://www.econbiz.de/10011507921
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The transmission of uncertainty shocks on income inequality : state-level evidence from the United States
Fischer, Manfred M.; Huber, Florian; Pfarrhofer, Michael - 2018
In this paper, we explore the relationship between state-level household income inequality and macroeconomic uncertainty in the United States. Using a novel large-scale macroeconometric model, we shed light on regional disparities of inequality responses to a national uncertainty shock. The...
Persistent link: https://www.econbiz.de/10011930269