Inequality for Wage Earners and Self-Employed: Evidence from Panel Data
AbstractIn this paper we highlight the importance of analysing the evolution of income inequality separately for employees and self-employed workers. Using Spanish panel data on income and consumption for the period 1987-96, we find noticeable differences across these groups in the evolution of income inequality, and in the relative importance of the transitory and permanent components of income variance. The evolution of inequality is mainly explained by movements in the transitory component for the self-employed and by the permanent component for the employees. Our results suggest that different policies should be implemented for each group. Copyright (c) Blackwell Publishing Ltd and the Department of Economics, University of Oxford, 2009.
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Bibliographic InfoArticle provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics and Statistics.
Volume (Year): 71 (2009)
Issue (Month): 4 (08)
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Other versions of this item:
- Pedro Albarran & Raquel Carrasco & Maite Martinez Granado, 2007. "Inequality for wage earners and self-employed : evidence from panel data," Economics Working Papers we072414, Universidad Carlos III, Departamento de Economía.
- Albarrán, Pedro & Carrasco, Raquel & Martínez Granado, María Teresa, 2007. "Inequality for Wage Earners and Self-Employed: Evidence from Panel Data," DFAEII Working Papers 2007-02, University of the Basque Country - Department of Foundations of Economic Analysis II.
- Pedro Albarrán & Raquel Carrasco & Maite Martínez-Granado, 2007. "Inequality for Wage Earners and Self-Employed: Evidence from Panel Data," Banco de Espaï¿½a Working Papers 0734, Banco de Espa�a.
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
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