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Intergenerational mobility in the land of inequality

Britto, Diogo G. C.; Fonseca, Alexandre; Pinotti, Paolo; … - 2022

We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure formal income from tax and employment registries, and we train machine learning models on census and survey data to predict informal income. The data reveal a much higher...

Persistent link: https://www.econbiz.de/10013411980

The social cost of carbon with intragenerational inequality under economic uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022

A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and … intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …

Persistent link: https://www.econbiz.de/10013206181

The economic effects of Covid-19 in Sweden : a report on income, taxes, distribution, and government support policies

Angelov, Nikolay; Waldenström, Daniel - 2023

, escalating income inequality. Policy simulations indicate government support measures mitigated wage income reduction and … unemployment rise, yet they contributed to income inequality under certain conditions. These results provide insight into the …

Persistent link: https://www.econbiz.de/10014310061

Personality traits and the evaluation of start-up subsidies

Caliendo, Marco; Künn, Steffen; Weißenberger, Martin - 2016

Many countries support business start-ups to spur economic growth and reduce unemployment with different programmes. Evaluation studies of such programmes commonly rely on the conditional independence assumption (CIA), allowing a causal interpretation of the results only if all relevant...

Persistent link: https://www.econbiz.de/10011420781

The exhaustion of unemployment benefits in Belgium : does it enhance the probability of employment?

Cockx, Bart; Ries, Jean - 2004

In Belgium unemployment insurance benefits can only exhaust for one category of workers: partners of workers with (replacement) labour income (mostly women) may loose their entitlement after an unemployment duration ranging from two to eight years, depending on individual characteristics. We...

Persistent link: https://www.econbiz.de/10011449809

Nonparametric regression and the detection of turning points in the Ifo business climate

Abberger, Klaus - 2004

Business climate indicators are used to receive early signals for turning points in the general business cycle. Therefore methods for the detection of turning points in time series are required. Estimations of slopes of a smooth component in the data can be calculated with local polynomial...

Persistent link: https://www.econbiz.de/10011450892

Dissecting characteristics nonparametrically

Freyberger, Joachim; Neuhierl, Andreas; Weber, Michael - 2017 - This version: February 2017

We propose a nonparametric method to test which characteristics provide independent information for the cross section of expected returns. We use the adaptive group LASSO to select characteristics and to estimate how they affect expected returns nonparametrically. Our method can handle a large...

Persistent link: https://www.econbiz.de/10011619632

Individual heterogeneity, nonlinear budget sets, and taxable income

Blomquist, Nils Sören; Kumar, Anil; Liang, Che-yuan; … - 2015 - This Draft: April 2015

Many studies have estimated the effect of taxes on taxable income. To account for nonlinear taxes these studies either use instrumental variables approaches that are not fully consistent, or impose strong functional form assumptions. None allow for general heterogeneity in preferences. In this...

Persistent link: https://www.econbiz.de/10010515479

Leveraged bubbles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2015

What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes...

Persistent link: https://www.econbiz.de/10011309562

Spurious weather effects

Lind, Jo Thori - 2015

Rainfall is a truly exogeneous variable and hence popular as an instrument for many outcomes. But by its very nature, rainfall in nearby areas tends to be correlated. I show theoretically that if there are also spatial trends in outcomes of interest, this may create spurious correlation. In...

Persistent link: https://www.econbiz.de/10010528337