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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
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
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
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
This study analyses the effects of public-sector-sponsored continuous vocational training and retraining in East Germany after unification with West Germany in 1990. It presents econometric estimates of the average gains from training participation in terms of employment probabilities, earnings,...
Persistent link: https://www.econbiz.de/10011318149
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
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
This study analyzes the effects of public-sector-sponsored continuous vocational training and retraining in East Germany after unification with West Germany in 1990. It presents econometric estimates of the average gains from training participation in terms of earnings, employment probabilities...
Persistent link: https://www.econbiz.de/10014188704
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
We investigate the role of training in reducing the gender wage gap using the UK-BHPS which contains detailed records of training. Using policy changes over an 18 year period we identify the impact of training and work experience on wages, earnings and employment. Based on a lifecycle model and...
Persistent link: https://www.econbiz.de/10012003766