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Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over the years 1967-2006, using publicly-available survey data. This paper expands the analysis, and extends it to 2021. We find that since the early 2000s, the college wage premium...
Persistent link: https://www.econbiz.de/10014322873
We explore the evolution of income inequality and mobility in the U.S. for a large number of subnational groups defined by race and ethnicity, using granular statistics describing income distributions, income mobility, and conditional income growth derived from the universe of tax filers and W-2...
Persistent link: https://www.econbiz.de/10014635672
later. We demonstrate that Brazil's post-1983 campaign to eliminate the transmission of this disease significantly reduced …
Persistent link: https://www.econbiz.de/10015326511
facts on earnings inequality and dynamics in a developing country with a large informal sector: Brazil. Since the mid-1990s …, both inequality and volatility of earnings have declined significantly in Brazil's formal sector. Higher-order moments of … the distribution of earnings changes show cyclical movements in Brazil that are similar to those in developed countries …
Persistent link: https://www.econbiz.de/10012814471
This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates on aggregate dynamics. To do so, we consider a heterogeneous agent New Keynesian (HANK) model with an occasionally binding ZLB and solve for its fully non-linear stochastic...
Persistent link: https://www.econbiz.de/10014287383
We use Brazilian administrative employer-employee matched data of worker demographics, industry of affiliation, occupation, and wages to examine whether females in managerial and executive positions (cracks in the glass ceiling) lead to more gender-equal workplace outcomes. In response to the...
Persistent link: https://www.econbiz.de/10015171663
disparities between groups. We measure the effects of these policies on racial pay differences in Brazil. We find that nonwhites … allocative costs of race-based preferences may be relatively large in Brazil …
Persistent link: https://www.econbiz.de/10012480828
linked employer-employee data for Brazil, we show that much of overall wage inequality arises within sector-occupations and …
Persistent link: https://www.econbiz.de/10012460668
With rapidly declining fertility and increased longevity the age structure of the labor force in developing countries has changed rapidly. Changing relative supply of workers by age group, and by educational attainment, can have profound effects on labor costs. Their impacts on earnings have...
Persistent link: https://www.econbiz.de/10012465113
We show that a rise in the minimum wage accounts for a large decline in earnings inequality in Brazil since 1994. To … one-third of the 25.9 log point fall in the variance of log earnings in Brazil since 1994. At the same time, the minimum …
Persistent link: https://www.econbiz.de/10012533380