Using a VAR model of the American economy from 1984 to 2003, we find that, contrary to official claims, the Federal Reserve does not target inflation or react to inflation signals." Rather, the Fed reacts to the very real" signal sent by unemployment, in a way that suggests that a baseless fear...

Research background: This paper is dedicated to inter-regional disparities in personal incomes and their composing by sources. We suggest that income sources contribute differently to overall inequality. Some of them, e.g. property incomes, amplify inequality, while others, e.g. social...

Purpose - The Purpose - of this paper is to determine the impact of private and public initiatives (financial literacy, entrepreneurship, remote work and government aid) on individual job loss and decrease in income during the COVID-19 pandemic in Peru. Design/methodology/approach The authors...

The distribution of personal income in a society depends strongly on the within-household distribution of income. Nevertheless, little is known about this phenomenon. I analyze the sharing of income among household partners from a welfare economic perspective. Measures of financial satisfaction...

In diesem Beitrag wird der obere Rand der Einkommens‐ und Vermögensverteilung in Deutschland mit Daten des Sozio‐oekonomischen Panels (SOEP) analysiert. In Anlehnung an das von Sen (1976) für die Armutsmessung vorgeschlagene Vorgehen werden zunächst unterschiedliche Schwellenwerte...

This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption and wealth inequality, and studies how they have...

Purpose The purpose of this paper is to determine the impact of private and public initiatives (financial literacy, entrepreneurship, remote work and government aid) on individual job loss and decrease in income during the COVID-19 pandemic in Peru. Design/methodology/approach The authors used...

The purpose of this article is to examine trends in ‘middle class welfare’ in Australia, defined as the extent of cash transfers going to working age families with incomes above the second decile in the distribution of family incomes, net of the income taxes that these families pay. We use...

The Poverty Wars started with a coordinated series of skirmishes by the Centre for Independent Studies. One of their main criticism of income-based measures of poverty is that measurement error(i.e. under-reporting) is pronounced for low income earners, especially those who indicate they have an...

This paper applies econometric estimation methods to improve the level of precision and detail in the measurement of welfare in Mexico, and specifically to estimate household incomes. As is the case in other countries, Mexico has had, on the one hand, household surveys that provide high...