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Manufacturing jobs and inequality : why is the U.S. experience different?

Novta, Natalija; Pugacheva, Evgenia - 2019

We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore two possible explanations: the high initial manufacturing wage premium and the high...

Persistent link: https://www.econbiz.de/10012052312

Accounting for racial wealth disparities in the United States

Thompson, Jeffrey P.; Suárez, Gustavo A. - 2019

Using data from the Survey of Consumer Finances, this paper updates and extends previous research on the racial wealth gap in the United States. We explore several hypotheses that help explain differential wealth accumulation by racial groups, including the importance of receiving inheritances...

Persistent link: https://www.econbiz.de/10012131621

Consumption inequality and the frequency of purchases

Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2017

We document a decline in the frequency of shopping trips in the U.S. since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e. inventory behavior) will lead to a rise in expenditure...

Persistent link: https://www.econbiz.de/10011704243

The Great Recession and racial inequality : evidence from measures of economic well-being

Masterson, Thomas; Zacharias, Ajit; Rios-Avila, Fernando; … - 2017

The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...

Persistent link: https://www.econbiz.de/10011591483

Levels and trends in the income mobility of U.S. families, 1977 - 2012

Bradbury, Katharine L. - 2016 - This version: July 2016

Much of America's promise is predicated on economic mobility - the possibility that people can move up and down the economic ladder during their lifetimes. Mobility is of particular consequence when economic disparities are increasing. Using panel data and mobility concepts and measures adapted...

Persistent link: https://www.econbiz.de/10011536212

Causes of changing earnings inequality

Snower, Dennis J. - 1999

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....

Persistent link: https://www.econbiz.de/10011294713

When experienced and decision utility concur : the case of income comparisons Andrew E. Clark; Claudia Senik ; Katsunori Yamada

Clark, Andrew E.; Senik-Leygonie, Claudia; Yamada, Katsunori - 2015

While there is now something of a consensus in the literature on the economics of happiness that income comparisons to others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox....

Persistent link: https://www.econbiz.de/10011295515

A new inequality measure that is sensitive to extreme values and asymmetries

McAleer, Michael; Ryu, Hang-keun; Slottje, Daniel Jonathan - 2017

properties such a measure (or index) should contain. The Gini index is, of course, the most popular. There is a concurrent … Gini) that poorly detect the extreme values present in the underlying empirical IDF. This paper introduces a new inequality … measure to supplement, but not to replace, the Gini that measures more accurately the inherent asymmetries and extreme values …

Persistent link: https://www.econbiz.de/10011773015

Growth, mobility and social welfare

Van de Gaer, Dirk; Palmisano, Flaviana - 2018

We propose a social welfare function to evaluate a profile of income streams and compare the welfare gain of the actual profile relative to the income profile where the individual receives his first period income in each period. We derive necessary and sufficient conditions for the welfare gain...

Persistent link: https://www.econbiz.de/10011919623

How does household production affect measured income inequality?

Frazis, Harley J.; Stewart, Jay Charles - 2009

Although income inequality has been studied extensively, relatively little attention has been paid to the role of household production. Economic theory predicts that households with less money income will produce more goods at home. Thus extended income, which includes the value of household...

Persistent link: https://www.econbiz.de/10003824203