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Semiparametric Bayesian Modeling of Income Volatility Heterogeneity
hierarchical Dirichlet process income volatility state-space models
2016/3/18
Research on income risk typically treats its proxy—income volatility, the expected magnitude of income changes—as if it were unchanged for an individual over time, the same for everyone at a point in ...
Identifying Idiosyncratic Career Taste and Skill with Income Risk
Career choice Idiosyncratic taste and skill Income risk Occupational choice
2016/3/18
How important to well-being is choosing a career with the right fit? This question is difficult to answer because we observe individuals only in their chosen careers, not in the other (presumably infe...
Individual Well-being in Urban China: The role of income expectations
happiness well-being income expectations transition economies
2015/1/22
Using household survey data, we study the determinants of individual well-being in urban China, emphasizing particularly the role of income expectations. First, we find that individual wellbeing incre...
Intergenerational Income Persistency in Urban China
intergenerational income mobility China
2012/10/19
Intergenerational income elasticities are estimated using samples for urban China (covering
many cities) for the years 1995 and 2002 and compared with results from other studies. We
find that the in...
Unequal Inequalities: Do Progressive Taxes Reduce Income Inequality?
income inequality Gini personal income tax structural progressivity tax evasion
2012/10/19
This paper analyzes the effect of changes in structural progressivity of national income tax
systems on observed and actual income inequality. Using several unique measures of
progressivity over the...
A Cautionary Note on Using Industry Affiliation to Predict Income
industry wage differentials health happiness intergenerational mobility
2012/10/22
Many literatures investigate the causal impact of income on economic outcomes, for example in the context of intergenerational transmission or well-being and health. Some studies have proposed to use ...
Migration Elasticities, Fiscal Federalism and the Ability of States to Redistribute Income
fiscal federalism income redistribution excess burden deadweight loss fiscal externalities
2012/10/22
This paper develops a simulation model in order to examine the effectiveness of state attempts at redistribution under a variety of migration elasticity assumptions. Key outputs from the simulation in...
What's Best for Women: Gender Based Taxation, Wage Subsidies or Basic Income?
gender based taxation wage subsidies basic income guaranteed minimum income labour supply social welfare
2012/10/22
We use a microeconometric model of household labour supply in order to evaluate, with Italian data, the behavioural and welfare effects of gender based taxation (GBT) as compared to other policies bas...
Income Distribution among those of 65 Years and Older in Sweden
older workers retirement pension income inequality
2012/10/23
The population of Sweden is ageing and the number of pensioners is increasing. This means that the incomes of older people and the income differences between older and younger people and among pension...
Estimating the Income Loss of Disabled Individuals: The Case of Spain
disabled workers earnings gap matching techniques
2012/10/23
In this paper, we present both a theoretical and an empirical model in order to identify the effects of disability on wages. In the theoretical model we assume that the wage gap of a disabled worker d...
Happiness and the Persistence of Income Shocks
incomplete markets happiness income persistence
2012/10/23
We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regres...
Intergenerational Persistence in Income and Social Class: The Impact of Within-Group Inequality
intergenerational income mobility social class fluidity income inequality
2012/10/18
Family income is found to be more closely related to sons' earnings for a cohort born in 1970 compared to one born in 1958. This result is in stark contrast to the finding on the basis of social class...
Do Europe's Minimum Income Schemes Provide Adequate Shelter against the Economic Crisis and How, If at All, Have Governments Responded?
minimum incomes poverty cr isis measures social policy Europe
2012/10/17
The present economic crisis comes against the background of decades of policy changes that have generally weakened the capacity of social safety nets to offer citizens with adequate resources for fina...
Labor Earnings Respond Differently to Income-Tax and to Payroll-Tax Reforms
labor earnings payroll tax income tax
2012/10/22
We estimate the responses of gross labor earnings with respect to marginal and average net-of-tax rates in France over the period 2003-2006. We exploit a series of reforms to the income-tax and the pa...
Decomposing Changes in Income Risk Using Consumption Data
income risk consumption nonstationarity inequality
2012/10/19
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the busi...