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Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola and Zika) have been followed by increases in inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an...
Persistent link: https://www.econbiz.de/10013305662
Family economic mobility has been a policy concern for decades, with interest heating up further since the 1990s. Using data that tracks individual families' incomes during overlapping 10-year periods from 1978 through 2014, this paper investigates the relationships of factors - family...
Persistent link: https://www.econbiz.de/10011975416
Using household data from 1988 to 2018, we confirm that the increase in income inequality in China has come to a halt in recent years but show that inequality in wealth and consumption continues to increase. We report a clear convergence of inequality across the different dimensions of income,...
Persistent link: https://www.econbiz.de/10014454772
Persistent link: https://www.econbiz.de/10014265753
Persistent link: https://www.econbiz.de/10011494129
Volunteering is a dominant social force that signals a healthy state. However, although the literature on volunteering is extensive, knowledge on how life's discontinuities (life event shocks) affect volunteering is limited because most studies work with static (cross-sectional) data. To reduce...
Persistent link: https://www.econbiz.de/10013039955
This paper looks at the links between inequality of opportunity and views about the underlying processes that support economic success or failure. Unlike income inequality, inequality of opportunity isolates the extent to which inequality in circumstances beyond an individual's control...
Persistent link: https://www.econbiz.de/10012928091
Volunteering is a dominant social force that signals a healthy state. However, although the literature on volunteering is extensive, knowledge on how life’s discontinuities (life event shocks) affect volunteering is limited because most studies work with static (cross-sectional) data. To...
Persistent link: https://www.econbiz.de/10010459882
Using data on household balance sheets from the Survey of Consumer Finances and data on macroeconomic rates of return from Jordà et al. (2019) we construct two alternative series for household rates of return by race from 1989 to 2016. Our estimates suggest a persistent racial gap in the rate...
Persistent link: https://www.econbiz.de/10012831412
A growing body of research documents the importance of wealth and the racial wealth gap in perpetuating inequality across generations. We add to this literature by examining the impact of wealth on child income by race, while also extending our analysis to three generations. Our two stage least...
Persistent link: https://www.econbiz.de/10012822531