Central bank independence is a common feature in advanced economies. Delegation of monetary policy to an independent central bank with a clear mandate for price stability has proven to be successful in keeping a check on inflation and providing a trusted currency. However, it is also a fact that...

Using two period comparisons of six wealthy nations, the authors look at the extent of inequality at three levels of income: earned income, market income, and after tax and transfer disposable income. Interesting implications of the results are discussed.

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.

Using LIS data the author explores the possibility that markets, the public sector, or demographic shifts affect the changing distribution of income among families in five industrialized countries in the 1980s.

Hourly wage differentials between part-time and full-time workers, using comparable microdata from LIS for the US, UK, Canada, and Australia are examined. Institutions and policies that contribute to different outcomes for part-time workers in these countries, and implications of these policies...

It is widely held that people who work have no difficulty in avoiding poverty and guaranteeing their family a decent standard of living. This idea has proved false, as many authors have shown that the ranks of the poor are filled with active people, sometimes even working full time. But,...

Using LIS data, Jäntti examines levels and trends in income inequality among families in five industrialized countries, namely Canada, the Netherlands, Sweden, the United Kingdom, and the United States, exploring the possibility that markets, the public sector or demographic shifts would...

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...

The goal of this project is to explore possible linkages between social policy mix and outcomes for young children (i.e., aged 0 to 11 years) in Canada, the Netherlands, Norway, the UK and the US. Of course, social policy is obviously not the only potential determinant of children's well-being....

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...