Narrow search
Showing 1 - 10 of 686
Cover Image
Earnings and consumption dynamics : a nonlinear panel data framework
Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2015
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/10011336956
Cover Image
Earnings and consumption dynamics : a nonlinear panel data framework
Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2015
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/10011326266
Cover Image
Earnings and consumption dynamics : a nonlinear panel data framework
Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2015
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/10011345793
Cover Image
Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence
Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2023
In this paper we use the enhanced consumption data in the Panel Survey of Income Dynamics (PSID) from 2005-2017 to explore the transmission of income shocks to consumption. We build on the nonlinear quantile framework introduced in Arellano, Blundell and Bonhomme (2017). Our focus is on the...
Persistent link: https://www.econbiz.de/10014248416
Cover Image
Wages and the demand for health : a life cycle analysis
Dustmann, Christian; Windmeijer, Frank - 2000
This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand equations. We find evidence of negative transitory wage...
Persistent link: https://www.econbiz.de/10011537676
Cover Image
Wages and the demand for health : a life cycle analysis
Dustmann, Christian; Windmeijer, Frank - 2000
This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand equations. We find evidence of negative transitory wage...
Persistent link: https://www.econbiz.de/10011336871
Cover Image
Changes in the Distribution of Male and Female Wages Accounting for Employment Composition Using Bounds
Blundell, Richard W.; Gosling, Amanda; Ichimura, Hidehiko; … - 2021
assumptions we find convincing evidence of an increase in inequality within education groups, changes in the "return" to education …
Persistent link: https://www.econbiz.de/10013318986
Cover Image
Wages and the Demand for Health - a Life Cycle Analysis
Dustmann, Christian; Windmeijer, Frank - 2021
This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand equations. We find evidence of negative transitory wage...
Persistent link: https://www.econbiz.de/10013321278
Cover Image
Two decades of income inequality in Britain : the role of wages, household earnings and redistribution
Belfield, Chris; Blundell, Richard W.; Cribb, Jonathan; … - 2017
We study earnings and income inequality in Britain over the past two decades, including the period of relatively … the "new inequality" at the very top. Household earnings inequality has risen, driven by male earnings - although a 'catch …-up' of female earnings did hold down individual earnings inequality and reduce within-household inequality. Nevertheless, net …
Persistent link: https://www.econbiz.de/10011583577
Cover Image
Consumption Inequality and Family Labor Supply
Blundell, Richard W. - 2014
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that …
Persistent link: https://www.econbiz.de/10013057673