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Even relatively poor people oppose high rates of redistribution because of the anticipation that they, or their children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain why democracies do not engage in large-scale...
Persistent link: https://www.econbiz.de/10005662178
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …-cycle changes, transitory and permanent shocks and estimate the contribution of each to total inequality. Our model fits the joint … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …
Persistent link: https://www.econbiz.de/10005661588
Cross-country evidence on inflation and inequality suggests that they are positively correlated. I explore the …
Persistent link: https://www.econbiz.de/10005792380
reduce consumption inequality on impact. …
Persistent link: https://www.econbiz.de/10011145411
We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors....
Persistent link: https://www.econbiz.de/10005067349
In this article we characterize the evolution of inequality in hourly wages, hours of work, labor earnings, household … Presupuestos Familiares and the European Household Community Panel. Our analysis shows that inequality in individual net labor … in the unemployment rate have been key ingredients to understand this falling trend. However, the inequality reduction …
Persistent link: https://www.econbiz.de/10008506839
International surveys reveal wide differences between the views held in different countries concerning the causes of wealth or poverty and the extent to which people are responsible for their own fate. At the same time, social ethnographies and experiments by psychologists demonstrate...
Persistent link: https://www.econbiz.de/10005504312
absolute inequality in welfare achievement, while leaving the change in relative inequality ambiguous. Additionally …
Persistent link: https://www.econbiz.de/10005504401
inequality, and analyses several explanations for this result. A causal link is established by showing that the results are … robust to the inclusion of city fixed-effects and city-specific time trends, and by using inequality in the woman’s state of … birth as a proxy for the local level of male inequality. Increasing male inequality explains about 30% of the marriage rate …
Persistent link: https://www.econbiz.de/10005504574
This paper's point of departure is that low-quality institutions, concentration of political power, and underdevelopment are persistent over time. Its analytical model views an equal distribution of political power as a commitment device to enhance institutional quality thereby promoting growth....
Persistent link: https://www.econbiz.de/10005497846