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We analyse differences in inflation rates between poor and rich households that arise from heterogeneity in household consumption baskets. Over the 1996 – 2020 period, inflation differences by income are small. From 2020 on, inflation has been about 3pp higher at the bottom of the income...
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Education has long been perceived as a great equalizer, but even with universal rises in schooling years, income distribution worsened world-wide. We propose a method for decomposing the contribution of a variable to the change in inequality into mean, dispersion, and price components. The...
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Abstract Digital technologies like the Internet can affect income inequality through increased demand for employment in manual and abstract jobs and reduced demand for employment in routine jobs. In this paper, we combine city-level income distribution and jobs data with broadband data from...
Persistent link: https://www.econbiz.de/10014618946
Abstract This paper uses US state panel data to explore the relationship between the share of income received by affluent households and the level of income and earnings received by low and middle-income families. A rising top share of income can potentially lead to increases in the incomes of...
Persistent link: https://www.econbiz.de/10014586895
percent in the early 2000s before retreating to 10 percent in the run-up to the Great Recession. Households’ labor earnings …
Persistent link: https://www.econbiz.de/10014586929
-selection constraints that bind the non-linear tax. Rather surprisingly, the value judgements embedded in the social welfare functional do …-based commodity taxes falls on the two types of labour. When a non-linear tax is levied on labour income, origin-based taxes cannot … directly improve income distribution as the two types of labour face different marginal tax rates. However, the government can …
Persistent link: https://www.econbiz.de/10014587655
We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive taxation in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...
Persistent link: https://www.econbiz.de/10014588413