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Trends in Earnings Inequality and Earnings Instability among U.S. Couples: How Important Is Assortative Matching?

Hryshko, Dmytro; Juhn, Chinhui; McCue, Kristin - 2014

We examine changes in inequality and instability of the combined earnings of married couples over the 1980-2009 period … is both lower in levels and rises by a smaller amount. We also find that couples' earnings instability is lower in levels … compared to male earnings instability and actually declines in the SIPP-SSA data. While wives' earnings played an important …

Persistent link: https://www.econbiz.de/10010481616

Trends in Earnings Inequality and Earnings Instability among U.S. Couples: How Important Is Assortative Matching?

Hryshko, Dmytro; Juhn, Chinhui; McCue, Kristin - Institute for the Study of Labor (IZA) - 2014

Persistent link: https://www.econbiz.de/10011106169

Inflation and welfare in long-run equilibrium with firm dynamics

Janiak, Alexandre; Monteiro, Paulo Santos - 2009

We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the United States economy and the long-run...

Persistent link: https://www.econbiz.de/10010269435

Hyperbolic discounting and positive optimal inflation

Graham, Liam; Snower, Dennis J. - 2011

The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...

Persistent link: https://www.econbiz.de/10010278393

Hyperbolic Discounting and the Phillips Curve

Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2008

Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.

Persistent link: https://www.econbiz.de/10005763519

Monetary Persistence, Imperfect Competition, and Staggering Complementarities

Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007

This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of "quantitative inertia," after discussing...

Persistent link: https://www.econbiz.de/10005822489

Inflation and Welfare in Long-Run Equilibrium with Firm Dynamics

Janiak, Alexandre; Monteiro, Paulo Santos - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10008574592

Hyperbolic Discounting and Positive Optimal Inflation

Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10009021640

The Monetary Roots of Exploitation

Andini, Corrado - 2025

This paper proposes a theory of the mark-up that is embedded in a circuit model of the capitalist mode of production. The model and the theory are built on Keynes's principle of effective demand, Graziani's monetary theory of production and Pivetti's monetary theory of distribution. The...

Persistent link: https://www.econbiz.de/10015338982

Stability and Dynamics in an Overlapping GenerationsEconomy with Flexible Wage Negotiations

Koskela, Erkki; Puhakka, Mikko - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We analyze the stability and dynamics of an overlapping generations model with imperfectlycompetitive labour markets...

Persistent link: https://www.econbiz.de/10005860766