Narrow search
Showing 1 - 10 of 43,440
Cover Image
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 … income risk and taxes. We find that adding data on inequality does not materially change the estimated shocks and frictions … income inequality. The systematic components of monetary and fiscal policy are important for inequality as well. …
Persistent link: https://www.econbiz.de/10012162730
Cover Image
Income Polarization in the United States
Alichi, Ali - 2016
The paper uses a combination of micro-level datasets to document the rise of income polarization - what some have referred to as the 'hollowing out' of the income distribution - in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather...
Persistent link: https://www.econbiz.de/10012977856
Cover Image
Means testing and Social Security in the United States
Bagchi, Shantanu - In: International studies of economics 19 (2024) 1, pp. 68-91
This paper uses a heterogeneous-agent overlapping-generations model to examine the fiscal and distributional consequences of introducing a means test in US Social Security. I find that a means test, that is, conditioning benefit payments on a household's earnings or assets, leads to a higher...
Persistent link: https://www.econbiz.de/10014513264
Cover Image
Macroeconomic effects of personal and functional income inequality : theory and empirical evidence for the US and Germany
Prante, Franz J. - 2017
income inequality and interdependent social norms. The model shows in an easily accessible manner how personal and functional … income inequality can potentially have contrary effects on aggregate demand and growth. It can illustrate some of the major … connected to inequality and country specific consumption and saving behaviour. Furthermore, aggregate consumption functions are …
Persistent link: https://www.econbiz.de/10011606907
Cover Image
Manufacturing jobs and inequality : why is the U.S. experience different?
Novta, Natalija; Pugacheva, Evgenia - 2019
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in …: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium … declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality …
Persistent link: https://www.econbiz.de/10012052312
Cover Image
Shocks, frictions, and inequality in US business cycles
Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020
Persistent link: https://www.econbiz.de/10012172901
Cover Image
Aggregate and distributional effects of increasing taxes on top income earners
Brüggemann, Bettina; Yoo, Jinhyuk - 2015
marginal tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This …
Persistent link: https://www.econbiz.de/10011317719
Cover Image
Aggregate and distributional effects of increasing taxes on top income earners
Brüggemann, Bettina; Yoo, Jinhyuk - 2015
tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This is …
Persistent link: https://www.econbiz.de/10011296121
Cover Image
Has the income share of the middle and upper-middle been stable over time, or is its current homogeneity across the world the outcome of a process of convergence? The 'Palma Ratio'...
Palma, José Gabriel - Faculty of Economics, University of Cambridge - 2014
In an article published in Development and Change in 2011, I suggested an alternative measure of inequality to the Gini … article has evolved to become a further attempt at contributing to the literature on inequality and the statistics to measure … it. As in my 2011 paper, in this one I also conclude that if we want to understand why inequality is so unequal across …
Persistent link: https://www.econbiz.de/10010949350
Cover Image
The US Federal Funds Rate and Income Inequality - Where Is the Rate Bound to Go?
Sheng, Yuming - 2019
(FFR) and the deterioration of income inequality. Amid the great uncertainty over the FFR, this paper attempts to predict … where the FFR is bound to go in the near and foreseeable future with income inequality as a central determinant in the … analysis. Interest rate and income inequality are traditionally studied in isolation from each other by two different groups of …
Persistent link: https://www.econbiz.de/10012889121