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We make two contributions to understanding the large shifts in occupational structure seen across developed countries. First, we estimate underlying prices on occupations, grouped by predominant task, using panel data from the UK and Germany. In both countries, price growth is positively...
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This research compares the patterns of intergenerational income mobility between fathers and sons in Germany, Italy, Great Britain and the United States. It is one of the few studies that investigates more than one dimension of mobility. It also proposes a new way to construct the mobility...
Persistent link: https://www.econbiz.de/10014134758
I characterize how house price shocks affect consumption inequality using a life-cycle model of housing and non-housing consumption with incomplete markets. I derive analytical expressions for the dynamics of inequalities and use these to analyze large house prices swings seen in the UK. I show...
Persistent link: https://www.econbiz.de/10012105796
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I characterize how house price shocks affect consumption inequality using a life-cycle model of housing and non-housing consumption with incomplete markets. I derive analytical expressions for the dynamics of inequalities and use these to analyze large house prices swings seen in the UK. I show...
Persistent link: https://www.econbiz.de/10012265322