1期

最新文章

• Measuring the distribution of material well-being: US trends AI翻译
  作者：Pope, Clayne
  作者单位：Brigham Young University
  摘要：Economists with a few exceptions have automatically assumed that the important measure of well-being is income. In contrast, economic historians have broadened the measure of well-being with particular interest in mortality, morbidity, nutrition, education and leisure. When one takes this broader view of the standard of living, there appears to be a strong trend toward more equality in the distribution of well-being since the industrial revolution. Gini coefficients calculated for the distribu...
• Discussion of Heterogeneous life-cycle profiles, income risk and consumption inequality by Giorgio Primiceri and Thijs van Rens AI翻译
  作者：Heathcote, Jonathan
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
• Comment on: Politico economic consequences of raising wage inequality by Corbae, D'Erasmo and Kuruscu AI翻译
  作者：Quadrini, Vincenzo
  作者单位：University of Southern California
• Discussion of Clayne Pope's Measuring the distribution of material well-being: US trends AI翻译
  作者：Aguiar, Mark
  作者单位：University of Rochester
• Comment on: Turbulent firms, turbulent wages? by Comin, Groshen, and Rabin AI翻译
  作者：Pistaferri, Luigi
  作者单位：Stanford University
• Comment on: Unsecured credit markets are not insurance markets by Kartik Athreya, Xuan S. Tam and Eric R. Young AI翻译
  作者：Perri, Fabrizio
  作者单位：University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
• Comment on: Welfare implications of the transition to high household debt by Campbell and Hercowitz AI翻译
  作者：Smith, Anthony A., Jr.
  作者单位：Yale University
• Unsecured credit markets are not insurance markets AI翻译
  作者：Athreya, Kartik; Tam, Xuan S.; Young, Eric R.
  作者单位：University of Virginia; Federal Reserve System - USA; Federal Reserve Bank - Richmond
  摘要：We study the extent to which unsecured credit markets have altered the transmission of increased income risk to consumption variability over the past several decades. We find that unsecured credit markets pass through increased income risk to consumption, irrespective of bankruptcy policy and the information possessed by lenders. If risk sharing has indeed improved over this period, the reasons do not therefore lie in the unsecured credit market. (C) 2008 Elsevier B.V. All rights reserved.
• Welfare implications of the transition to high household debt AI翻译
  作者：Campbell, Jeffrey R.; Hercowitz, Zvi
  作者单位：Tel Aviv University; Federal Reserve System - USA; Federal Reserve Bank - Chicago; National Bureau of Economic Research
  摘要：Aggressive deregulation of the mortgage market in the early 1980s triggered innovations that greatly reduced indebted households' required home equity, and a borrowing surge followed. This paper uses a calibrated general equilibrium model of lending from the wealthy to the middle class to evaluate the welfare effects of this reform quantitatively. We find that the indirect effects of endogenous interest rate and other relative price changes dominate the direct effect of relaxing the constraint...
• Politico-economic consequences of rising wage inequality AI翻译
  作者：Corbae, Dean; D'Erasmo, Pablo; Kuruscu, Burhanettin
  作者单位：University of Texas System; University of Texas Austin; University System of Maryland; University of Maryland College Park
  摘要：This paper uses a dynamic political economy model to evaluate whether the observed rise in wage inequality and decrease in median to mean wages can explain sonic portion of the relative increase in transfers to low earnings quintiles and relative increase in effective tax rates for high earnings quintiles in the U.S. over the past several decades. Specifically, we assume that households have uninsurable idiosyncratic labor efficiency shocks and consider policy choices by a median voter which a...