This paper documents gender disparities in labor earnings for sixty-four countries around the world. Disparities are partially attributed to gender differences in observable socio-demographic and job characteristics. These characteristics are used to match males and females such that gender...

This paper documents gender disparities in labor earnings for sixty-four countries around the world. Disparities are partially attributed to gender differences in observable socio-demographic and job characteristics. These characteristics are used to match males and females such that gender...

Current estimates of global poverty vary substantially across studies. In this paper we undertake a sensitivity analysis to highlight the importance of methodological choices in estimating global poverty. We measure global poverty using different data sources, parametric and nonparametric...

In this paper we argue that modelling the cross-country distribution of per capita income as a mixture distribution provides a natural framework for the detection of convergence clubs. The framework yields tests for the number of component distributions that are likely to have more power than...

This paper provides a cross-country comparison of how income inequality has evolved within countries at different levels of development. It uses overlapping nonparametric regression, which allows visual comparisons of inequality both within and across countries. As a result, the methodology...

President Trump’s following remarks are insanely far from being serious "With this invisible enemy, we don't want airlines going out of business, we don't want people losing their jobs and not having money to live when they were doing well four weeks ago". His advisors must show him the latest...

We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U.S. banking industry. We employ a frequency decomposition of volatility spillovers to draw conclusions about system-wide risk transmission with short-, medium-, and long-term...

Focusing on U.S. non-finance industries, we examine the connection between the financialization of the US economy and rising income inequality. We argue that the increasing reliance by firms on earnings realized through financial channels decoupled the generation of surplus from production,...

This paper examines the response of the national income shares accruing to different groups within the richest decile in the US to the occurrence of major systemic banking crises since the beginning of the twentieth century. The findings suggest that the impact of banking crises on the US top...

What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this hypothesis using a large scale hierarchy model of the US...