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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...
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...