Showing 1 - 10 of 37,609
Persistent link: https://www.econbiz.de/10012172901
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we … income risk and taxes. We find that adding data on inequality does not materially change the estimated shocks and frictions … income inequality. The systematic components of monetary and fiscal policy are important for inequality as well. …
Persistent link: https://www.econbiz.de/10012162730
Persistent link: https://www.econbiz.de/10012205910
Persistent link: https://www.econbiz.de/10009505566
Persistent link: https://www.econbiz.de/10010467884
Persistent link: https://www.econbiz.de/10014555887
Estimates of Frisch labor-supply elasticities are biased in the presence of borrowing constraints. We show that this estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and joint borrowing constraints, wage-rate...
Persistent link: https://www.econbiz.de/10011543948
Persistent link: https://www.econbiz.de/10011564251
Persistent link: https://www.econbiz.de/10012652910
Persistent link: https://www.econbiz.de/10001612782