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During the early 1980s, earnings inequality in the U.S. labor market rose relatively uniformly
throughout the wage distribution. But this uniformity gave way to a significant divergence starting
in ...
Kocherlakota and Pistaferri (2007) describe two different models (Private Information Pareto
Optimal and Incomplete Markets) of how households partially insure themselves against
idiosyncratic shock...
Firming Up Inequality
Firming Up Inequality
2015/7/15
Earnings inequality in the United States has increased rapidly over the lastthree decades, but little is known about the role of firms in this trend. For example, how much of the rise in earnings ineq...
This article proposes two mechanisms that allow actors to obtain unearned advantages in labor markets. The first mechanism is consistent with collusive closure arguments. However, it questions t...
Price Indexes, Inequality, and the Measurement of WorldPoverty
WorldPoverty Price Indexes Inequality
2014/3/25
I discuss the measurement of world poverty and inequality, with particular
attention to the role of purchasing power parity (PPP) price indexes from the
International Comparison Project. Global ineq...
Childhood Health and Labor Market Inequality over the Life Course
childhood health disparities earnings health selection HrS
2013/12/6
The authors use data from the Health and retirement Study’s Earnings Benefit File, which links Health and retirement Study to Social Security Administration records, to estimate the impact of childhoo...
Variational inequality method in stock loans
Capped stock loan variational inequalitymethod
2010/10/20
In this paper we first introduce two new financial products: stock loan and capped stock loan. Then we develop a pure variational inequality method to establish explicitly the values of these stock l...