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Persistent link: https://www.econbiz.de/10014340016
We document that declining hours worked are the primary driver of widening inequality in the bottom half of the male labor earnings distribution in the United States over the past 52 years. This decline in hours is heavily concentrated in recessions: hours and earnings at the bottom fall sharply...
Persistent link: https://www.econbiz.de/10012481540
This paper studies optimal taxation of earnings when the degree of tax progressivity is allowed to vary with age. The setting is an overlapping-generations model that incorporates irreversible skill investment, flexible labor supply, ex-ante heterogeneity in the disutility of work and the cost...
Persistent link: https://www.econbiz.de/10012479569
We address this question in a heterogeneous-agent incomplete-markets model featuring exogenous idiosyncratic risk, endogenous skill investment, and flexible labor supply. The tax and transfer schedule is restricted to be log-linear in income, a good description of the US system. Rising...
Persistent link: https://www.econbiz.de/10012482226
We conduct a systematic empirical study of cross-sectional inequality in the United States, integrating data from the Current Population Survey, the Panel Study of Income Dynamics, the Consumer Expenditure Survey, and the Survey of Consumer Finances. In order to understand how different...
Persistent link: https://www.econbiz.de/10013150375
Persistent link: https://www.econbiz.de/10009523939
Persistent link: https://www.econbiz.de/10012243979
Persistent link: https://www.econbiz.de/10012254371
We document that declining hours worked are the primary driver of widening inequality in the bottom half of the male labor earnings distribution in the United States over the past 52 years. This decline in hours is heavily concentrated in recessions: hours and earnings at the bottom fall sharply...
Persistent link: https://www.econbiz.de/10014096001
Persistent link: https://www.econbiz.de/10001864837