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Inequality over the business cycle : the role of distributive shocks

Clemens, Marius; Eydam, Ulrich; Heinemann, Maik - 2020

This paper examines the dynamics of wealth and income inequality along the business cycle and assesses how they are related to fluctuations in the functional income distribution. In a panel estimation for OECD countries between 1970 and 2016 we find that on average income inequality - measured...

Persistent link: https://www.econbiz.de/10012170668

Inequality by population groups and income sources : accounting for inequality changes in Spain during the recession

Gradín, Carlos - 2019

sources. An empirical application characterizes the distributional change in Spain following the Great Recession, defining …

Persistent link: https://www.econbiz.de/10012122687

Inequality in EU crisis countries : how effective were automatic stabilisers?

Callan, Tim; Doorley, Karina; Savage, Michael - 2018

The Great Recession and the widespread adoption of fiscal austerity policies have heightened concern about inequality … and how well tax-benefit systems redistribute. We examine how the distribution of income in the EU countries which were … hardest hit during the recession evolved over this time. Using and extending a recently developed framework (Savage et al …

Persistent link: https://www.econbiz.de/10011821286

Inequality and the Business Cycle : A Consumption Viewpoint

Johnson, David; Shipp, Stephanie - 1999

Using Consumer Expenditure Survey data, we obtain summary measures of the distributions of income and consumption for each quarter between 1980 and 1994. We find that the trends in the distribution of income and consumption and the response of these trends to changes in inflation and...

Persistent link: https://www.econbiz.de/10014200422

Income Inequality and Macroeconomic Fluctuations

Iyigun, Murat; Owen, Ann L. - 1998

When per capita income is low, increases in income inequality make macroeconomic cycles less severe. We present a model in which access to credit is based on earnings potential. If low as well as middle income individuals are credit constrained, increases in income inequality lead to smaller...

Persistent link: https://www.econbiz.de/10014221423

Income Mobility and Risk During the Business Cycle : Comparing Adjustments in Labor Markets in Two Latin-American Countries

Wodon, Quentin T. - 2001

This paper uses panel data from Argentina and Mexico and a new measure of mobility - the Gini index of mobility - to answer three questions. First, is there a trend towards rising labour income mobility over time in these two countries? Second, is there a relationship between income mobility and...

Persistent link: https://www.econbiz.de/10014035250

Inequality over the Business Cycle – The Role of Distributive Shocks

Clemens, Marius; Eydam, Ulrich; Heinemann, Maik - 2020

Persistent link: https://www.econbiz.de/10014101218

Cyclical Transactions and Wealth Inequality

Sakong, Jung - 2022

Wealth is distributed more unevenly than income, and one contributing factor might be that richer households earn higher portfolio returns. I uncover one channel that causes portfolio returns to be increasing in wealth: Poorer households consistently buy risky assets in booms—when expected...

Persistent link: https://www.econbiz.de/10013299896

Inequality, the Great Recession, and Slow Recovery

Cynamon, Barry Z.; Fazzari, Steven M. - 2022

through 2006, and its debt- income ratio rose dramatically, unlike the ratio for the top 5 percent. In the Great Recession …

Persistent link: https://www.econbiz.de/10013300012

Heterogeneity in macroeconomics : the compositional inequality perspective

Ranaldi, Marco; Palagi, Elisa - 2022

This work presents a framework to jointly study individuals' heterogeneity in terms of their capital and labor endowments (endowment heterogeneity) and of their saving and consumption behaviors (behavioral heterogeneity), from an empirical perspective. By adopting a newly developed synthetic...

Persistent link: https://www.econbiz.de/10013402053