We estimate the degree of ‘stickiness’ in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of auto-correlation, with a stickiness...

We develop a time-varying transition probabilities Markov Switching model in which inflation is characterised by two regimes (high and low inflation). Using Bayesian techniques, we apply the model to the euro area, Germany, the US, the UK and Canada for data from the 1960s up to the present. Our...

Looks at the pre- and post-tax wage distribution of prime age males in six countries, focusing on Australia. Analysis includes an examination of the impact of income taxes and employer and employee contributions on the wage distribution.

Addresses three hypotheses which may help to explain the differences in the observed labour-force participation rates of women and which can be examined using micro-data from LIS. These include: the importance of income needs, the role of marriage patterns, and the effects of children....

This paper attempts to bridge the gap between previous cross-national work estimating rates of return to education and the current trend toward examining rates over time. Changes in the returns to education in the 1980s over five countries were driven by different forces across the countries.

This paper explores the income distribution position of immigrants and nonimmigrants using three different approaches. The results indicate that there is virtually no difference between the distributional profiles of immigrant and nonimmigrant families in Australia. However, when a similar...

This paper investigates the relationship between educational attainment and earnings inequality in eight nations using the Luxembourg Income Study (LIS) database. Although the results should be considered exploratory rather than definitive until verified and qualified by more detailed...

This paper was originally presented a the Fourth International Research Seminar of the Foundation for International Studies on Social Security (FISS) in June 1997 in Sigtuna, Sweden. In the United States, several public policy initiatives have been undertaken to encourage more work and later...

We introduce an extension of the Esteban and Ray [Econometrica, 1994] measure of polarization that can be applied to density functions. As a by-product we also derive the Wolfson [AER, 1994] measure as a special case. This derivation has the virtue of casting both measures in the context of a...

In this paper we use microdata on employment and earnings from a variety of industrialized countries to investigate the family gap in pay - the differential in hourly wages between women with children and women without children. We present results from seven countries: Australia, Canada, the...