experienced an unprecedented rise in net equivalized income inequality and poverty. At the same time, unemployment rose to record …

persistence of transitory shocks and their implications for the persistence of poverty and income inequality. The results suggest … poor individuals stayed in poverty for two years on average. In East Germany, the contribution of the permanent component … to overall income inequality increased from 20 percent in 1990 to over 70 percent in 1998 and the persistence of poverty …

We propose a framework for comparing the relationship between poverty and personal characteristics across countries (or … across years), and use it to compare levels and patterns of relative poverty in the USA, Great Britain and Germany during the … 1990s. The higher aggregate poverty rates in the USA and in Britain relative to Germany were mostly accounted for by higher …