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The Evolution Of Inequality Heterogeneity And Uncertainty In Labor Earnings In The Us Economy
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Book Synopsis The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy by : Flavio Cunha
Download or read book The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy written by Flavio Cunha and published by . This book was released on 2007 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large empirical literature documents a rise in wage inequality in the American economy. It is silent on whether the increase in inequality is due to greater heterogeneity in the components of earnings that are predictable by agents or whether it is due to greater uncertainty faced by agents. Applying the methodology of Cunha, Heckman and Navarro (2005) to data on agents making schooling decisions in different economic environments, we join choice data with earnings data to estimate the fraction of future earnings that is forecastable and how this fraction has changed over time. We find that both predictable and unpredictable components of earnings have increased in recent years. The increase in uncertainty is substantially greater for unskilled workers. For less skilled workers, roughly 60% of the increase in wage variability is due to uncertainty. For more skilled workers, only 8% of the increase in wage variability is due to uncertainty. Roughly 26% of the increase in the variance of returns to schooling is due to increased uncertainty. Using conventional measures of income inequality masks the contribution of rising uncertainty to the rise in the inequality of earnings for less educated groups.
Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-12-14 with total page 1141 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.
Book Synopsis The Two Trillion Dollar Meltdown by : Charles R. Morris
Download or read book The Two Trillion Dollar Meltdown written by Charles R. Morris and published by ReadHowYouWant.com. This book was released on 2015-01-29 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are living in the most uncertain financial environment in recent history. A quarter - century of reckless lending, asset stripping, free - market zealotry and hedge - fund secrecy has ended with a dramatic collapse. And, according to Charles R. Morris, an even more profound economic and political restructuring is on its way. In The Two Trillion Dollar Meltdown, Morris explains how we got here and what we can expect next. With insight and clarity, he cuts through the guff to provide an indispensable guide to confusing times. ''''''''How we got into the mess we're in, explained briefly and brilliantly.'''''''' - New York Times Book Review Charles R. Morris is a lawyer and former banker. He is the author of ten books, including The Cost of Good Intentions, Money, Greed and Risk and The Tycoons. He has written for the Atlantic Monthly, the New York Times and the Wall Street Journal.
Book Synopsis Unequal We Stand by : Jonathan Heathcote
Download or read book Unequal We Stand written by Jonathan Heathcote and published by DIANE Publishing. This book was released on 2010-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors conducted a systematic empirical study of cross-sectional inequality in the U.S., integrating data from various surveys. The authors follow the mapping suggested by the household budget constraint from individual wages to individual earnings, to household earnings, to disposable income, and, ultimately, to consumption and wealth. They document a continuous and sizable increase in wage inequality over the sample period. Changes in the distribution of hours worked sharpen the rise in earnings inequality before 1982, but mitigate its increase thereafter. Taxes and transfers compress the level of income inequality, especially at the bottom of the distribution, but have little effect on the overall trend. Charts and tables. This is a print-on-demand publication; it is not an original.
Book Synopsis Cognitive Dissonance and the Reproduction of the Black Achievement Gaps in the US by : Mai Abdul Rahman
Download or read book Cognitive Dissonance and the Reproduction of the Black Achievement Gaps in the US written by Mai Abdul Rahman and published by Cambridge Scholars Publishing. This book was released on 2022-09-02 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: The divisive nature of public school policies that influence the vast majority of America’s young is tearing the country apart. W. E. B. Du Bois argued that racism produces general expectations that the hopes and aspirations of Black Americans are set before the fact by the dominant White structures. In this tradition, this book explores the history of race in the US by sketching the role of public schooling and its representative actors in breeding the Black student achievement gaps, highlighting that racism and cognitive bias corrupt students and society. Coupling Du Bois’s theoretical framework and cognitive dissonance, the book sheds light on the processes by which social and racial inequities are recycled and transmitted by ordinary and intelligible public school educators. Rather than simply define the problem, it offers a set of interventions and a schematic approach to build healthy school climates where every student is welcomed and honored.
Book Synopsis Teaching Outside the Box by : Mai Abdul Rahman
Download or read book Teaching Outside the Box written by Mai Abdul Rahman and published by IAP. This book was released on 2018-10-01 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its totality, this book explores subjects that are rarely available in primary literature publications and brings diverging fields together that are generally addressed separately in specialty journals. The book argues that past school failures are instructive. The author identifies the structural and emotional triggers that make it difficult for educators’ to overcome the social constructs that control the progress of Black students, reproduce inequities, subvert the socio-economic progress of the nation, and threaten the legitimacy of the U.S. public school system. One failure is informative; successive school failures are chock-full of must avoid school policies and instructional practices. The book analyzes the lessons learned from a list of school-imposed policies that have molded and determined the academic progress of Black students. The author argues that much can be discerned from that which undermined the performance of schoolteachers’ and public school systems. The quantifiable outcomes of past school practices can better inform educators and future teachers and school leaders. The book carefully analyzes the organic evolution of educators’ social constructs that regenerated inequities to reveal the road map for rebuilding genuinely inclusive and equitable public school systems that serve the interests of students and society. The book also provides in-depth analysis of various disciplines that identify the best methodologies to improve the teaching and learning of Black students, homeless students, and all other students. The book aims to offer a unique perspective by carefully unfolding the built in school structures that obstruct the abilities of school administrators and teachers to bridge the student achievement gaps and meet the objectives of consecutive school reform initiatives. The author’s distinctive approach stimulates the thinking of the entire field of education, and challenges accepted propositions commonly assumed about African American students. In short, this book offers a perspective that is rarely shared or understood by educators and practitioners in the field of education.
Book Synopsis Dimensions of Tax Design by : James A. Mirrlees
Download or read book Dimensions of Tax Design written by James A. Mirrlees and published by Oxford University Press. This book was released on 2010-04-29 with total page 1360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Review was chaired by Nobel Laureate Professor Sir James Mirrlees of the University of Cambridge and the Chinese University of Hong Kong. --
Book Synopsis International Summit on the Teaching Profession Equity, Excellence and Inclusiveness in Education Policy Lessons from Around the World by : Schleicher Andreas
Download or read book International Summit on the Teaching Profession Equity, Excellence and Inclusiveness in Education Policy Lessons from Around the World written by Schleicher Andreas and published by OECD Publishing. This book was released on 2014-07-04 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication identifies some of the steps policy makers can take to build school systems that are both equitable and excellent. The analysis is complemented with examples that illustrate proven or promising practices in specific countries.
Book Synopsis The Trillion Dollar Meltdown by : Charles R. Morris
Download or read book The Trillion Dollar Meltdown written by Charles R. Morris and published by Public Affairs. This book was released on 2008-03-04 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are living in the most reckless financial environment in recent history. The astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets.
Book Synopsis Equity and Quality in Education Supporting Disadvantaged Students and Schools by : OECD
Download or read book Equity and Quality in Education Supporting Disadvantaged Students and Schools written by OECD and published by OECD Publishing. This book was released on 2012-02-09 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Across OECD countries, almost one in every five students does not reach a basic minimum level of skills. This book presents a series of policy recommendations for education systems to help all children succeed.
Book Synopsis Heterogeneity and Persistence in Returns to Wealth by : Andreas Fagereng
Download or read book Heterogeneity and Persistence in Returns to Wealth written by Andreas Fagereng and published by International Monetary Fund. This book was released on 2018-07-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their financial assets (a standard deviation of 14%) and on their net worth (a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the return by 3 percentage points - and by 17 percentage points when the same exercise is performed for the return to net worth. Fourth, wealth returns exhibit substantial persistence over time. We argue that while this persistence partly reflects stable differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are (mildly) correlated across generations. We discuss the implications of these findings for several strands of the wealth inequality debate.
Book Synopsis Improving Education in Mexico A State-level Perspective from Puebla by : OECD
Download or read book Improving Education in Mexico A State-level Perspective from Puebla written by OECD and published by OECD Publishing. This book was released on 2013-09-02 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book suggests strategies for building an education model that could inspire other Mexican states and fuel federal reform efforts.
Book Synopsis Inequality, Leverage and Crises by : Romain Ranciere
Download or read book Inequality, Leverage and Crises written by Romain Ranciere and published by International Monetary Fund. This book was released on 2010-11-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where these features arise endogenously as a result of a shift in bargaining powers over incomes. A financial crisis can reduce leverage if it is very large and not accompanied by a real contraction. But restoration of the lower income group''s bargaining power is more effective.
Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra
Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Download or read book Top Incomes written by A. B. Atkinson and published by Oxford University Press. This book was released on 2010-04 with total page 799 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together an exciting range of new studies of top incomes in a wide range of countries from around the world. The studies use data from income tax records to cast light on the dramatic changes that have taken place at the top of the income distribution. The results cover 22 countries and have a long time span, going back to 1875.
Author :Martin Eichenbaum Publisher :University of Chicago Press Journals ISBN 13 :9780226577661 Total Pages :0 pages Book Rating :4.5/5 (776 download)
Book Synopsis NBER Macroeconomics Annual 2017 by : Martin Eichenbaum
Download or read book NBER Macroeconomics Annual 2017 written by Martin Eichenbaum and published by University of Chicago Press Journals. This book was released on 2018-05-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 32 of the NBER Macroeconomics Annual features six theoretical and empirical studies of important issues in contemporary macroeconomics, and a keynote address by former IMF chief economist Olivier Blanchard. In one study, SeHyoun Ahn, Greg Kaplan, Benjamin Moll, Thomas Winberry, and Christian Wolf examine the dynamics of consumption expenditures in non-representative-agent macroeconomic models. In another, John Cochrane asks which macro models most naturally explain the post-financial-crisis macroeconomic environment, which is characterized by the co-existence of low and nonvolatile inflation rates, near-zero short-term interest rates, and an explosion in monetary aggregates. Manuel Adelino, Antoinette Schoar, and Felipe Severino examine the causes of the lending boom that precipitated the recent U.S. financial crisis and Great Recession. Steven Durlauf and Ananth Seshadri investigate whether increases in income inequality cause lower levels of economic mobility and opportunity. Charles Manski explores the formation of expectations, considering the efficacy of directly measuring beliefs through surveys as an alternative to making the assumption of rational expectations. In the final research paper, Efraim Benmelech and Nittai Bergman analyze the sharp declines in debt issuance and the evaporation of market liquidity that coincide with most financial crises. Blanchard’s keynote address discusses which distortions are central to understanding short-run macroeconomic fluctuations.
Book Synopsis The Oxford Handbook of Women and the Economy by : Susan L. Averett
Download or read book The Oxford Handbook of Women and the Economy written by Susan L. Averett and published by Oxford University Press. This book was released on 2018-05-15 with total page 889 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation of women's lives over the past century is among the most significant and far-reaching of social and economic phenomena, affecting not only women but also their partners, children, and indeed nearly every person on the planet. In developed and developing countries alike, women are acquiring more education, marrying later, having fewer children, and spending a far greater amount of their adult lives in the labor force. Yet, because women remain the primary caregivers of children, issues such as work-life balance and the glass ceiling have given rise to critical policy discussions in the developed world. In developing countries, many women lack access to reproductive technology and are often relegated to jobs in the informal sector, where pay is variable and job security is weak. Considerable occupational segregation and stubborn gender pay gaps persist around the world. The Oxford Handbook of Women and the Economy is the first comprehensive collection of scholarly essays to address these issues using the powerful framework of economics. Each chapter, written by an acknowledged expert or team of experts, reviews the key trends, surveys the relevant economic theory, and summarizes and critiques the empirical research literature. By providing a clear-eyed view of what we know, what we do not know, and what the critical unanswered questions are, this Handbook provides an invaluable and wide-ranging examination of the many changes that have occurred in women's economic lives.