Showing 1 - 10 of 2,061
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of … 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/10005703321
Since Aristotle, a vast literature has suggested that economic inequality has important political consequences. Higher … inequality is thought to increase demand for government income redistribution in democracies and to discourage democratization … how high inequality is, how it has been changing, and where they fit in the income distribution. Using a variety of large …
Persistent link: https://www.econbiz.de/10011307312
Was the increase in income inequality in the US due to permanent shocks or merely to anincrease in the variance of … lifecyclechanges, transitory and permanent shocks and estimate the contribution of each tototal inequality... …
Persistent link: https://www.econbiz.de/10005861079
A perception at the core of studies that consider the link between social rank and stress (typically measured by the so-called stress hormone cortisol) is that the link is direct. Examples of such studies are Bartolomucci (2007), Beery and Kaufer (2015), and Koolhaas et al. (2017). A recent and...
Persistent link: https://www.econbiz.de/10015045447
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10010271322
We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of income shocks to consumption. Log-earnings are the sum of a general Markovian persistent component and a transitory innovation. The persistence of past shocks to earnings is...
Persistent link: https://www.econbiz.de/10011345402
latent-growth-curve modeling based on household panels show that participatory inequality by parental income is already large … research on (political) inequality in youth and childhood. …
Persistent link: https://www.econbiz.de/10012597344
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10005015462
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013426425
We conduct a laboratory experiment to study how locus of control operates through people's preferences and beliefs to influence their decisions. Using the principal-agent setting of the delegation game, we test four key channels that conceptually link locus of control to decision- making: (i)...
Persistent link: https://www.econbiz.de/10014296805