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Recentered influence functions (RIFs) are statistical tools popularized by Firpo, Fortin, and Lemieux (2009) for analyzing unconditional partial effects on quantiles in a regression analysis framework (unconditional quantile regressions). The flexibility and simplicity of these tools has opened...
Persistent link: https://www.econbiz.de/10011999073
Understanding the origins of wealth inequality is critical in the debate over what, if anything, to do about it. In this note, we propose a simple model which is still rich enough to reproduce observed patterns of wealth inequality. We call it the Concentrated Asset Betting (CAB) model. A key...
Persistent link: https://www.econbiz.de/10012846162
We analyse the evolution and proximate determinants of labour income inequality in Mexico between 1989 and 2017. Labour income inequality increased between 1989 and 1994 and declined between 1994 and 2006. What happened after 2006 is subject to uncertainty. The national labour force survey shows...
Persistent link: https://www.econbiz.de/10011777072
Using decomposition methods, we analyse the role of the changing nature of work in explaining changes in employment, wage inequality, and job polarization in Chile from 1992 to 2017. Changes in occupational structure confirm a displacement of workers from low-skill occupations towards jobs...
Persistent link: https://www.econbiz.de/10012483436
Ethnicity wage gaps in Great Britain are large and have persisted over time. Previous studies of these gaps have been almost exclusively confined to analyses of household data, so they could not account for the role played by individual employers, despite growing evidence of their wage-setting...
Persistent link: https://www.econbiz.de/10013198639
Previous research on prices of job amenities has suffered from simultaneity bias due to workers' unobserved offer sets, resulting in “wrong-signed” compensating wage differentials. I propose a new estimator for amenity prices that uses only a single imprecise proxy for workers' offer sets to...
Persistent link: https://www.econbiz.de/10014079760
In explaining wage or income by personal attributes (e.g. educational attainment, age, and ethnicity) in a regression model, many researchers choose to use the log of wage or income as the dependent variable and then to estimate the unknown coefficients by some version of the least-squares...
Persistent link: https://www.econbiz.de/10010400717
This paper designs and tests a comprehensive model, solved by statistical simulation, which describes and quantifies the effect of the tax system and lifelong income characteristics on the effective tax burden of a population or its segment. In the present application the model is structured and...
Persistent link: https://www.econbiz.de/10011471072
Persistent link: https://www.econbiz.de/10014233503
We present a unified structural equation modelling framework for the regression-based decomposition of rank-dependent indicators of socioeconomic inequality of health and compare it with a simple ordinary least squares regression. The structural equation modelling framework forms the basis for a...
Persistent link: https://www.econbiz.de/10010470402