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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
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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
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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
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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
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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
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Wages, experience and training of women over the lifecycle
Blundell, Richard W.; Goll, David; Dias, Mónica Costa; … - 2019
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
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Interpreting aggregate wage growth
Blundell, Richard W.; Reed, Howard; Stoker, Thomas Martin - 2000
This paper analyzes the relationship between aggregate wages and individual wages when there is time series variation in employment and in the dispersion of wages. A new and easily implementable framework for the empirical analysis of aggregation biases is developed. Aggregate real wages are...
Persistent link: https://www.econbiz.de/10011537788
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Labour market inequality and the changing life cycle profile of male and female wages
Blundell, Richard W.; Lopez, Hugo; Ziliak, James P. - 2023
, permitting us to construct gender- and education-specific age-wage profiles, as well as measures of life cycle inequality within …
Persistent link: https://www.econbiz.de/10014373594
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House price volatility and housing ownership over the life cycle
Banks, James; Blundell, Richard W.; Oldfield, Zoe͏̈; … - 2004
Persistent link: https://www.econbiz.de/10002521872
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Information technology, inequality and adult literacy in developing countries
Asongu, Simplice; Odhiambo, Nicholas M.; Rahman, Mushfiqur - 2023
The study assesses linkages between information technology, inequality and adult literacy in 57 developing countries … for the period 2012-2016. Income inequality is measured with the Gini coefficient while six dynamics of information … access in schools unconditionally promote adult literacy. The corresponding inequality threshold that should not be exceeded …
Persistent link: https://www.econbiz.de/10014233350