Showing 1 - 10 of 10
distribution including earnings inequality. In addition, we correlate component membership with worker type to provide a tacit link …In this paper, we present new findings that validate earlier literature on the apparent segmentation of the US earnings … distribution. Previous contributions posited that the observed distribution of earnings combined two or three distinct signals and …
Persistent link: https://www.econbiz.de/10013269244
United States (1921-2012) to estimate two Gini-like indices representing inequality at the bottom and the top of the income … to be mostly explained by an increase in inequality at the bottom of the income distribution, which more than offsets the … decrease in inequality at the top. The implication is that middle incomes gained relative to high incomes, but especially …
Persistent link: https://www.econbiz.de/10010513028
In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work - at the time that he was first developing his financial instability approach. In an earlier piece (Wray 1992), I closely examined Minsky's published writings to support the argument that,...
Persistent link: https://www.econbiz.de/10010513077
degree of income inequality and the severity of the recessions. In the case of high income countries that have bad income …
Persistent link: https://www.econbiz.de/10011440135
We quantitatively analyze the way inflation alters the inequality of the income distribution in the U.S. economy. The … more frequent income tax schedule adjustments make the relationship between inflation and income inequality more transitory …
Persistent link: https://www.econbiz.de/10010320808
In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence has not occurred at the...
Persistent link: https://www.econbiz.de/10013204753
, advocated in this paper, can mobilize people to regain trust that a Social Europe is possible. …
Persistent link: https://www.econbiz.de/10014474497
power-law behavior with a strict ranking of upper tail inequality, in that order, from the least to the most unequal. We …. We underscore the importance of these results by showing that all four dimensions of top inequality jointly determine the …
Persistent link: https://www.econbiz.de/10014480446
Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this note, we introduce factor shares into popular growth models to gain insights into the macroeconomic effects of income distribution. The cost of modifying existing models is low...
Persistent link: https://www.econbiz.de/10010513043
employment but also contributes to the increasing postwar labor market precariousness and the erosion of income inequality. The …
Persistent link: https://www.econbiz.de/10010513074