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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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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/10014480421
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Wage inequality in Germany after the minimum wage introduction
Bossler, Mario; Schank, Thorsten - 2020
We revisit the development of monthly wages in Germany between 2000 and 2017. While wage inequality strongly increased … about half of the recent decrease in wage inequality. …
Persistent link: https://www.econbiz.de/10012178776
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Wage inequality in Germany after the minimum wage introduction
Bossler, Mario; Schank, Thorsten - 2020
While monthly wage inequality in Germany continued to increase strongly until 2010, it recently returned to the level … introduction can account for about half of the recent decrease in wage inequality …
Persistent link: https://www.econbiz.de/10012424962
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Changes in the Distribution of Male and Female Wages Accounting for Employment Composition Using Bounds
Blundell, Richard W.; Gosling, Amanda; Ichimura, Hidehiko; … - 2021
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
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Do supplementary jobs for welfare recipients increase the chance of welfare exit? : evidence from Germany
Mosthaf, Alexander; Schank, Thorsten; Schwarz, Stefan - 2021
Welfare recipients in Germany are allowed to take up supplementary jobs while receiving welfare. The possibility of having a supplementary job was introduced to reduce welfare dependency and facilitate successful labor market integration. In the present study, we use the German Panel Study...
Persistent link: https://www.econbiz.de/10012507306
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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