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A comparison of the 2007-08 crisis with that of 1929 showed its extreme gravity, but it also may have implied that the old harmful mistakes would not be repeated. After four years, the crisis has not been solved and it even threatens to worsen. Neo-conservative Republicans claim that this is...
Persistent link: https://www.econbiz.de/10011260788
This paper analyzes how forming a monetary union affects consumption and earnings inequalities caused by adopting a common currency. We use a two country overlapping-generations model to investigate these effects. When countries choose to form a monetary union, the country with higher initial...
Persistent link: https://www.econbiz.de/10008694922
Inequality within advanced countries has returned to levels typical of a century ago. At the global level it remains … extremely high despite the rapid growth of major developing countries such as China, India and Brazil. This makes inequality a … major economic issue, social problem and political challenge in today’s capitalism. However, economic inequality is the …
Persistent link: https://www.econbiz.de/10009204977
We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades … distribution of annual earnings in Germany. We find that cross-sectional inequality rose until 2009 for men and women. After the … Great Recession inequality continued to rise at a slower rate for men and fell slightly for women due to compression at the …
Persistent link: https://www.econbiz.de/10012886897
of these measures on income-based poverty and inequality. We find notable reductions in disposable incomes, concentrated …
Persistent link: https://www.econbiz.de/10014390451
nine percent. We find similar percentages for earnings, income, and wealth. Decomposing intergenerational elasticities … reveals that shared environments explain 50% for earnings, 60% for income, 70% for wealth, and 80% for schooling. Family …
Persistent link: https://www.econbiz.de/10014394210
the differences across the income distribution and impacts on measures of poverty and inequality. The paper also evaluates …
Persistent link: https://www.econbiz.de/10014380671
We analyse the social protection policy response to COVID-19 and its impact on household incomes in Uruguay during 2020 and 2021, based on static microsimulation methods. From the onset of the crisis, the Uruguayan government implemented adjustments to existing social protection policies as well...
Persistent link: https://www.econbiz.de/10013469621
Establishing an equitable and efficient tax system is essential for reducing poverty, combating inequality, and …
Persistent link: https://www.econbiz.de/10014290690
In this paper, we use administrative data from the social security to study income dynamics and income risk inequality … inversely related to income and age, and income risk inequality increases markedly in the recession. These findings are robust …
Persistent link: https://www.econbiz.de/10014306323