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Family economic mobility has been a policy concern for decades, with interest heating up further since the 1990s. Using data that tracks individual families' incomes during overlapping 10-year periods from 1978 through 2014, this paper investigates the relationships of factors - family...
Persistent link: https://www.econbiz.de/10011975416
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10011294713
rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … inequality in the four countries correspond to their mortgage take up rates and its distribution across income, reflecting the …
Persistent link: https://www.econbiz.de/10011631928
We present data from the Survey of Consumer Finances showing that the increased earnings (labor income) inequality, in … model in Fama and French (2002). -- labor income ; earnings inequality ; asset pricing ; equity premium ; limited …
Persistent link: https://www.econbiz.de/10003581508
inequality, volatility, and mobility. Using data from the U.S. Census Bureau's Longitudinal Employer‐Household Dynamics (LEHD … inequality has increased and volatility has decreased. The combination of increased inequality and reduced volatility suggest …
Persistent link: https://www.econbiz.de/10014306334
income inequality. To these ends, we use rich data from the United States and Norway over the period 1980-2007. We find … educational assortative mating accounts for a non-negligible part of the cross-sectional inequality in household income. However …, changes in assortative mating over time barely move the time trends in household income inequality. The reason is that the …
Persistent link: https://www.econbiz.de/10010404597
In this paper, we present a unified treatment of and explanation for the evolution of wages and employment in the U ….S. over the last 30 years. Specifically, we account for the pattern of changes in wage inequality, for the increased relative …
Persistent link: https://www.econbiz.de/10012734132
What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis …; and (4) the "fattening" of the entire income distribution tail. This result supports the hierarchical redistribution … hypothesis. It is also consistent with the available empirical evidence on within-firm income redistribution. …
Persistent link: https://www.econbiz.de/10011880804
results indicate an increase in long-run earnings inequality of roughly the same magnitude as the trend seen in annual …
Persistent link: https://www.econbiz.de/10013038273
This testimony makes three main points. First, income volatility, especially when it involves income declines, imposes significant hardships on American families. It heightens stress about finances and may increase household living expenses. These hardships are most pronounced for middle-and...
Persistent link: https://www.econbiz.de/10014195419