Lower Volatility, Higher Inequality: Are They Related?
Author
Abstract
(This abstract was borrowed from another version of this item.)
Suggested Citation
Download full text from publisher
Other versions of this item:
- Ozan EksiBy, 2017. "Lower volatility, higher inequality: are they related?," Oxford Economic Papers, Oxford University Press, vol. 69(4), pages 847-869.
References listed on IDEAS
- Zhongjun Qu & Pierre Perron, 2007.
"Estimating and Testing Structural Changes in Multivariate Regressions,"
Econometrica, Econometric Society, vol. 75(2), pages 459-502, March.
- Zhongjun Qu & Pierre Perron, 2005. "Estimating and testing structural changes in multivariate regressions," Boston University - Department of Economics - Working Papers Series WP2005-012, Boston University - Department of Economics.
- Dynan Karen & Elmendorf Douglas & Sichel Daniel, 2012.
"The Evolution of Household Income Volatility,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(2), pages 1-42, December.
- Karen E. Dynan & Douglas W. Elmendorf & Daniel E. Sichel, 2007. "The evolution of household income volatility," Finance and Economics Discussion Series 2007-61, Board of Governors of the Federal Reserve System (U.S.).
- A. B. Atkinson, 2003.
"Income Inequality in OECD Countries: Data and Explanations,"
CESifo Economic Studies, CESifo Group, vol. 49(4), pages 479-513.
- Anthony C. Atkinson, 2003. "Income Inequality in OECD Countries: Data and Explanations," CESifo Working Paper Series 881, CESifo.
- MaCurdy, Thomas E., 1982. "The use of time series processes to model the error structure of earnings in a longitudinal data analysis," Journal of Econometrics, Elsevier, vol. 18(1), pages 83-114, January.
- NICHOLS Austin, 2008. "Trends in Income Inequality, Volatility and Mobility Risk," IRISS Working Paper Series 2008-10, IRISS at CEPS/INSTEAD.
- Raj, Baldev & Slottje, Daniel J, 1994. "The Trend Behavior of Alternative Income Inequality Measures in the United States from 1947-1990 and the Structural Break," Journal of Business & Economic Statistics, American Statistical Association, vol. 12(4), pages 479-487, October.
- Primiceri, Giorgio E. & van Rens, Thijs, 2009.
"Heterogeneous life-cycle profiles, income risk and consumption inequality,"
Journal of Monetary Economics, Elsevier, vol. 56(1), pages 20-39, January.
- van Rens, Thijs & Primiceri, Giorgio, 2006. "Heterogenous Life-Cycle Profiles, Income Risk and Consumption Inequality," CEPR Discussion Papers 5881, C.E.P.R. Discussion Papers.
- Giorgio E. Primiceri & Thijs van Rens, 2006. "Heterogeneous life-cycle profiles, income risk and consumption inequality," Economics Working Papers 945, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2008.
- Primiceri, Giorgio E. & van Rens, Thijs, 2007. "Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality," IZA Discussion Papers 3239, Institute of Labor Economics (IZA).
- Coen Teulings & Thijs van Rens, 2008.
"Education, Growth, and Income Inequality,"
The Review of Economics and Statistics, MIT Press, vol. 90(1), pages 89-104, February.
- Coen Teuling & Thijs van Rens, 2001. "Education, growth and income inequality," Economics Working Papers 942, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2006.
- Coen N. Teulings & Thijs van Rens, 2002. "Education, Growth and Income Inequality," Tinbergen Institute Discussion Papers 02-001/3, Tinbergen Institute, revised 05 Mar 2003.
- Thijs van Rens, 2002. "Education, Growth and Income Inequality," CESifo Working Paper Series 653, CESifo.
- Teulings, Coen & van Rens, Thijs, 2003. "Education, Growth and Income Inequality," CEPR Discussion Papers 3863, C.E.P.R. Discussion Papers.
- Fatih Guvenen, 2009.
"An Empirical Investigation of Labor Income Processes,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 58-79, January.
- Fatih Guvenen, 2005. "An Empirical Investigation of Labor Income Processes," Macroeconomics 0508026, University Library of Munich, Germany.
- Fatih Guvenen, 2007. "An Empirical Investigation of Labor Income Processes," NBER Working Papers 13394, National Bureau of Economic Research, Inc.
- Fatih Guvenen, 2007. "An empirical investigation of labor income processes," IFS Working Papers W07/13, Institute for Fiscal Studies.
- Laura González Cabanillas & Eric Ruscher, 2008. "The Great Moderation in the euro area: What role have macroeconomic policies played ?," European Economy - Economic Papers 2008 - 2015 331, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Olga Gorbachev, 2011.
"Did Household Consumption Become More Volatile?,"
American Economic Review, American Economic Association, vol. 101(5), pages 2248-2270, August.
- Olga Gorbachev, 2007. "Did Household Consumption Become More Volatile?," Edinburgh School of Economics Discussion Paper Series 161, Edinburgh School of Economics, University of Edinburgh.
- Uren Lawrence, 2008. "Inequality, Volatility and Labour Market Efficiency," The B.E. Journal of Macroeconomics, De Gruyter, vol. 8(1), pages 1-30, May.
- Richard Blundell & Ian Preston, 1998.
"Consumption Inequality and Income Uncertainty,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(2), pages 603-640.
- Richard Blundell & Ian Preston, 1997. "Consumption, inequality and income uncertainty," IFS Working Papers W97/15, Institute for Fiscal Studies.
- Deaton, Angus & Paxson, Christina, 1994.
"Intertemporal Choice and Inequality,"
Journal of Political Economy, University of Chicago Press, vol. 102(3), pages 437-467, June.
- Deaton, A. & Paxson, C., 1993. "Intertemporal Choice and Inequality," Papers 168, Princeton, Woodrow Wilson School - Development Studies.
- Angus Deaton & Christina Paxson, 1993. "Intertemporal Choice and Inequality," NBER Working Papers 4328, National Bureau of Economic Research, Inc.
- Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2004. "Cyclical Dynamics in Idiosyncratic Labor Market Risk," Journal of Political Economy, University of Chicago Press, vol. 112(3), pages 695-717, June.
- James H. Stock & Mark W. Watson, 2005.
"Understanding Changes In International Business Cycle Dynamics,"
Journal of the European Economic Association, MIT Press, vol. 3(5), pages 968-1006, September.
- James H. Stock & Mark W. Watson, 2003. "Understanding Changes in International Business Cycle Dynamics," NBER Working Papers 9859, National Bureau of Economic Research, Inc.
- Joao F. Cocco, 2005. "Portfolio Choice in the Presence of Housing," The Review of Financial Studies, Society for Financial Studies, vol. 18(2), pages 535-567.
- Anson T. Y. Ho & Jie Zhou, 2016. "Housing and Tax-Deferred Retirement Accounts," Staff Working Papers 16-24, Bank of Canada.
- Sabelhaus, John & Song, Jae, 2010. "The great moderation in micro labor earnings," Journal of Monetary Economics, Elsevier, vol. 57(4), pages 391-403, May.
- Peter M. Summers, 2005. "What caused the Great Moderation? : some cross-country evidence," Economic Review, Federal Reserve Bank of Kansas City, vol. 90(Q III), pages 5-32.
- Paglin, Morton, 1975. "The Measurement and Trend of Inequality: A Basic Revision," American Economic Review, American Economic Association, vol. 65(4), pages 598-609, September.
- Robert A. Moffitt & Peter Gottschalk, 2012. "Trends in the Transitory Variance of Male Earnings: Methods and Evidence," Journal of Human Resources, University of Wisconsin Press, vol. 47(1), pages 204-236.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Goodness C. Aye & Giray Gozgor & Rangan Gupta, 2020.
"Dynamic and Asymmetric Response of Inequality to Income Volatility: The Case of the United Kingdom,"
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(3), pages 747-762, February.
- Goodness C. Aye & Giray Gozgor & Rangan Gupta, 2018. "Dynamic and Asymmetric Response of Inequality to Income Volatility: The Case of the United Kingdom," Working Papers 201821, University of Pretoria, Department of Economics.
- Ozan Eksi, 2023. "Traces of the past in income inequality," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(4), pages 815-834, December.
- Chang, Shinhye & Gupta, Rangan & Miller, Stephen M. & Wohar, Mark E., 2019.
"Growth volatility and inequality in the U.S.: A wavelet analysis,"
Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 48-73.
- Shinhye Chang & Rangan Gupta & Stephen M. Miller & Mark E. Wohar, 2018. "Growth Volatility and Inequality in the U.S.: A Wavelet Analysis," Working Papers 201819, University of Pretoria, Department of Economics.
- Shinhye Chang & Rangan Gupta & Stephen M. Miller & Mark E. Wohar, 2018. "Growth Volatility and Inequality in the U.S.: A Wavelet Analysis," Working papers 2018-05, University of Connecticut, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ozan Eksi, 2023. "Traces of the past in income inequality," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(4), pages 815-834, December.
- Primiceri, Giorgio E. & van Rens, Thijs, 2009.
"Heterogeneous life-cycle profiles, income risk and consumption inequality,"
Journal of Monetary Economics, Elsevier, vol. 56(1), pages 20-39, January.
- van Rens, Thijs & Primiceri, Giorgio, 2006. "Heterogenous Life-Cycle Profiles, Income Risk and Consumption Inequality," CEPR Discussion Papers 5881, C.E.P.R. Discussion Papers.
- Giorgio E. Primiceri & Thijs van Rens, 2006. "Heterogeneous life-cycle profiles, income risk and consumption inequality," Economics Working Papers 945, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2008.
- Primiceri, Giorgio E. & van Rens, Thijs, 2007. "Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality," IZA Discussion Papers 3239, Institute of Labor Economics (IZA).
- Fatih Guvenen, 2007.
"Learning Your Earning: Are Labor Income Shocks Really Very Persistent?,"
American Economic Review, American Economic Association, vol. 97(3), pages 687-712, June.
- Fatih Guvenen, 2005. "Learning Your Earning: Are Labor Income Shocks Really Very Persistent?," Macroeconomics 0507004, University Library of Munich, Germany.
- Fatih Guvenen, 2006. "Learning your earning: are labor income shocks really very persistent?," Discussion Paper / Institute for Empirical Macroeconomics 145, Federal Reserve Bank of Minneapolis.
- Robert Moffitt & Sisi Zhang, 2018.
"Income Volatility and the PSID: Past Research and New Results,"
AEA Papers and Proceedings, American Economic Association, vol. 108, pages 277-280, May.
- Robert A. Moffitt & Sisi Zhang, 2018. "Income Volatility and the PSID: Past Research and New Results," NBER Working Papers 24390, National Bureau of Economic Research, Inc.
- Robert Moffitt & Sisi Zhang, 2018. "Income Volatility and the PSID: Past Research and New Results," Working Papers 2018-016, Human Capital and Economic Opportunity Working Group.
- Tao Wang, 2023. "Perceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models," Staff Working Papers 23-59, Bank of Canada.
- Robert Moffitt & Sisi Zhang, 2018. "The PSID and Income Volatility: Its Record of Seminal Research and Some New Findings," The ANNALS of the American Academy of Political and Social Science, , vol. 680(1), pages 48-81, November.
- Pedro Albarran & Raquel Carrasco & Maite Martinez‐Granado, 2009.
"Inequality for Wage Earners and Self‐Employed: Evidence from Panel Data,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(4), pages 491-518, August.
- Albarrán, Pedro & Martínez-Granado, Maite, 2007. "Inequality for wage earners and self-employed : evidence from panel data," UC3M Working papers. Economics we072414, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Pedro Albarrán & Raquel Carrasco & Maite Martínez-Granado, 2007. "Inequality for Wage Earners and Self-Employed: Evidence from Panel Data," Working Papers 0734, Banco de España.
- Richard Blundell & Christopher Bollinger & Charles Hokayem & James P. Ziliak, 2024.
"Interpreting cohort profiles of lifecycle earnings volatility,"
IFS Working Papers
W24/14, Institute for Fiscal Studies.
- Richard Blundell & Christopher R. Bollinger & Charles Hokayem & James P. Ziliak, 2024. "Interpreting Cohort Profiles of Lifecycle Earnings Volatility," Working Papers 24-21, Center for Economic Studies, U.S. Census Bureau.
- Tony Smith & M. Fatih Guvenen, 2007.
"Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach,"
2007 Meeting Papers
1024, Society for Economic Dynamics.
- Fatih Guvenen & Anthony Smith, 2010. "Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach," NBER Working Papers 16327, National Bureau of Economic Research, Inc.
- Fatih Guvenen & Anthony Smith, 2010. "Inferring labor income risk from economic choices: an indirect inference approach," Staff Report 450, Federal Reserve Bank of Minneapolis.
- Masakatsu Okubo, 2015. "Earnings Dynamics and Profile Heterogeneity: Estimates from Japanese Panel Data," The Japanese Economic Review, Japanese Economic Association, vol. 66(1), pages 112-146, March.
- Iourii Manovskii & Dmytro Hryshko & Moira Daly, 2015. "Reconciling Estimates of Earnings Processes in Growth Rates and Levels," 2015 Meeting Papers 1395, Society for Economic Dynamics.
- Gustafsson, Johan & Holmberg, Johan, 2022. "Permanent and transitory earnings dynamics and lifetime income inequality in Sweden," Umeå Economic Studies 1005, Umeå University, Department of Economics.
- Halliday Timothy, 2011.
"Health Inequality over the Life-Cycle,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(3), pages 1-21, October.
- Halliday, Timothy J., 2009. "Health Inequality over the Life-Cycle," IZA Discussion Papers 4369, Institute of Labor Economics (IZA).
- Timothy Halliday, 2011. "Health Inequality over the Life-Cycle," Working Papers 201108, University of Hawaii at Manoa, Department of Economics.
- Timothy J. Halliday, 2009. "Health Inequality over the Life-Cycle," Working Papers 2011-11R, University of Hawaii Economic Research Organization, University of Hawaii at Manoa, revised Jun 2011.
- Timothy J. Halliday, 2009. "Health Inequality over the Life-Cycle," Working Papers 200908, University of Hawaii at Manoa, Department of Economics.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2010.
"Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 15-51, January.
- Violante, Giovanni & Heathcote, Jonathan & Perri, Fabrizio, 2009. "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006," CEPR Discussion Papers 7538, C.E.P.R. Discussion Papers.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2009. "Unequal we stand: an empirical analysis of economic inequality in the United States, 1967-2006," Staff Report 436, Federal Reserve Bank of Minneapolis.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2009. "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006," NBER Working Papers 15483, National Bureau of Economic Research, Inc.
- Nao Sudo & Michio Suzuki & Tomoaki Yamada, 2012.
"Inequalities in Japanese Economy during the Lost Decades,"
CIRJE F-Series
CIRJE-F-856, CIRJE, Faculty of Economics, University of Tokyo.
- Nao Sudo & Michio Suzuki & Tomoaki Yamadai, 2012. "Inequalities in Japanese Economy during the Lost Decades," CARF F-Series CARF-F-284, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Greg Kaplan & Giovanni L. Violante, 2010.
"How Much Consumption Insurance beyond Self-Insurance?,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 53-87, October.
- Greg Kaplan & Giovanni L. Violante, 2009. "How Much Consumption Insurance Beyond Self-Insurance?," NBER Working Papers 15553, National Bureau of Economic Research, Inc.
- Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009.
"Quantitative Macroeconomics with Heterogeneous Households,"
Annual Review of Economics, Annual Reviews, vol. 1(1), pages 319-354, May.
- Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Quantitative Macroeconomics with Heterogeneous Households," NBER Working Papers 14768, National Bureau of Economic Research, Inc.
- Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Quantitative macroeconomics with heterogeneous households," Staff Report 420, Federal Reserve Bank of Minneapolis.
- Storesletten, Kjetil & Telmer, Christopher I. & Yaron, Amir, 2004.
"Consumption and risk sharing over the life cycle,"
Journal of Monetary Economics, Elsevier, vol. 51(3), pages 609-633, April.
- Kjetil Storesletten & Chris Telmer & Amir Yaron, 1997. "Consumption and risk sharing over the life cycle," GSIA Working Papers 228, Carnegie Mellon University, Tepper School of Business.
- Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2000. "Consumption and Risk Sharing Over the Life Cycle," NBER Working Papers 7995, National Bureau of Economic Research, Inc.
- Storesletten, Kjetil & Telmer, Chris & Yaron, Amir, 2002. "Consumption and Risk Sharing Over the Life Cycle," Seminar Papers 702, Stockholm University, Institute for International Economic Studies.
- Estelle Dauchy & Francisco Navarro-Sanchez & Nathan Seegert, 2021.
"Taxation and Inequality: Active and Passive Channels,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 156-177, October.
- Estelle Dauchy & Francisco Navarro-Sanchez & Nathan Seegert, 2020. "Online Appendix to "Taxation and Inequality: Active and Passive Channels"," Online Appendices 19-189, Review of Economic Dynamics.
- Estelle Dauchy & Francisco Navarro-Sanchez & Nathan Seegert, 2020. "Code and data files for "Taxation and Inequality: Active and Passive Channels"," Computer Codes 19-189, Review of Economic Dynamics.
- Meghir, Costas & Pistaferri, Luigi, 2011.
"Earnings, Consumption and Life Cycle Choices,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 9, pages 773-854,
Elsevier.
- Costas Meghir & Luigi Pistaferri, 2010. "Earnings, consumption and lifecycle choices," IFS Working Papers W10/05, Institute for Fiscal Studies.
- Costas Meghir & Luigi Pistaferri, 2010. "Earnings, Consumption and Lifecycle Choices," NBER Working Papers 15914, National Bureau of Economic Research, Inc.
More about this item
JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tob:wpaper:1303. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ismail Saglam The email address of this maintainer does not seem to be valid anymore. Please ask Ismail Saglam to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/ibetutr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.