Publications

90 publications found, searching for 'Inequality '

• Working Paper No. 915
  September 19, 2018

  Black Employment Trends since the Great Recession

  Thomas Masterson
  Abstract

  The Great Recession had a devastating impact on labor force participation and employment. This impact was not unlike other recessions, except in size. The recovery, however, has been unusual not…more

  Download Working Paper No. 915 PDF (238.96 KB)
• One-Pager No. 57
  September 10, 2018

  Stagnating Economic Well-Being Amid Rising Government Support

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  The Levy Institute Measure of Economic Well-Being (LIMEW) was designed to provide a more comprehensive understanding of the changes affecting household living standards. Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila…more

  Download One-Pager No. 57 PDF (119.14 KB)
• Public Policy Brief No. 146
  August 16, 2018

  Stagnating Economic Well-Being and Unrelenting Inequality

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila update the Levy Institute Measure of Economic Well-Being (LIMEW) for US households for the period 2000–13. The LIMEW—which comprises base income, income from…more

  Download Public Policy Brief No. 146, 2018 PDF (1.07 MB)
• Working Paper No. 907
  May 17, 2018

  Some Comments on the Sraffian Supermultiplier Approach to Growth and Distribution

  Michalis Nikiforos
  Abstract

  The paper discusses the Sraffian supermultiplier (SSM) approach to growth and distribution. It makes five points. First, in the short run the role of autonomous expenditure can be appreciated within…more

  Download Working Paper No. 907 PDF (170.29 KB)
• Working Paper No. 901
  March 06, 2018

  Income Distribution, Household Debt, and Aggregate Demand

  J. W. Mason
  Abstract

  During the period leading up to the recession of 2007–08, there was a large increase in household debt relative to income, a large increase in measured consumption as a fraction…more

  Download Working Paper No. 901 PDF (703.23 KB)
• Strategic Analysis
  April 14, 2017

  The Trump Effect: Is This Time Different?

  Gennaro Zezza and Michalis Nikiforos
  Abstract

  From a macroeconomic point of view, 2016 was an ordinary year in the post–Great Recession period. As in prior years, the conventional forecasts predicted that this would be the year…more

  Download Strategic Analysis, April 2017 PDF (403.41 KB)
• Policy Note No. 1
  April 06, 2017

  Inequality Update: Who Gains When Income Grows?

  Pavlina R. Tcherneva
  Abstract

  Since the 1980s, economic recoveries in the United States have been delivering the vast majority of income growth to the wealthiest households. This policy note updates the analysis in One-Pager…more

  Download Policy Note 2017/1 PDF (395.43 KB)
• Working Paper No. 887
  March 20, 2017

  Trump’s Bait and Switch

  Pavlina R. Tcherneva
  Abstract

  President Trump’s faux populism may deliver some immediate short-term benefits to the economy, masking the devastating long-term effects from his overall policy strategy. The latter can be termed “welfare state…more

  Download Working Paper No. 887 PDF (430.74 KB)
• Working Paper No. 885
  February 27, 2017

  Quality of Statistical Match of Household Budget Survey and SILC for Turkey

  Thomas Masterson
  Abstract

  This paper presents the quality analysis of the statistical matching conducted for a research study on household consumption behavior, household indebtedness, and inequality for Turkey. The match has been done…more

  Download Working Paper No. 885 PDF (382.60 KB)
• Working Paper No. 880
  January 04, 2017

  The Great Recession and Racial Inequality

  Edward N. Wolff, Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses…more

  Download Working Paper No. 880 PDF (488.43 KB)
• Strategic Analysis
  March 07, 2016

  Destabilizing an Unstable Economy

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Our latest strategic analysis reveals that the US economy remains fragile because of three persistent structural issues: weak demand for US exports, fiscal conservatism, and a four-decade trend in rising…more

  Download Strategic Analysis, March 2016 PDF (1.11 MB)
• Working Paper No. 858
  January 12, 2016

  Gender Dimensions of Inequality in the Countries of Central Asia, South Caucasus, and Western CIS

  Tamar Khitarishvili
  Abstract

  The collapse of the Soviet Union initiated an unprecedented social and economic transformation of the successor countries and altered the gender balance in a region that counted gender equality as…more

  Download Working Paper No. 858 PDF (882.57 KB)
• Working Paper No. 856
  December 10, 2015

  Redistribution in the Age of Austerity

  Antoine Godin, Markus P.A. Schneider, and Stephen Kinsella
  Abstract

  We examine the relationship between changes in a country’s public sector fiscal position and inequality at the top and bottom of the income distribution during the age of austerity (2006–13)….more

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• Working Paper No. 846
  October 09, 2015

  Secular Stagnation or Stagnation Policy?

  Eckhard Hein
  Abstract

  The current debate on secular stagnation is suffering from some vagueness and several shortcomings. The same is true for the economic policy implications. Therefore, we provide an alternative view on…more

  Download Working Paper No. 846 PDF (368.43 KB)
• Working Paper No. 844
  July 29, 2015

  A Nonbehavioral Theory of Saving

  Michalis Nikiforos
  Abstract

  We present a model where the saving rate of the household sector, especially households at the bottom of the income distribution, becomes the endogenous variable that adjusts in order for…more

  Download Working Paper No. 844 PDF (965.56 KB)
• Strategic Analysis
  May 14, 2015

  Fiscal Austerity, Dollar Appreciation, and Maldistribution Will Derail the US Economy

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  In this latest Strategic Analysis, the Institute’s Macro Modeling Team examines the current, anemic recovery of the US economy. The authors identify three structural obstacles—the weak performance of net exports,…more

  Download Strategic Analysis, May 2015 PDF (1.02 MB)
• Strategic Analysis
  May 14, 2015

  Η δημοσιονομική λιτότητα, η ανατίμηση του δολαρίου και τα προβλήματα κατανομής θα οδηγήσουν στον εκτροχιασμό της οικονομίας των ΗΠΑ

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Στην τελευταία στρατηγική ανάλυση, η ομάδα του μακροοικονομετρικού υποδείγματος του Ινστιτούτου εξετάζει την πρόσφατη, αναιμική ανάκαμψη της αμερικανικής οικονομίας. Οι συγγραφείς εντοπίζουν τρία διαρθρωτικά εμπόδια—την αδύναμη απόδοση των καθαρών εξαγωγών,…more

  Download Στρατηγικη Αναλυση, Μάιος 2015 PDF (1.01 MB)
• Policy Note No. 4
  March 30, 2015

  When a Rising Tide Sinks Most Boats

  Pavlina R. Tcherneva
  Abstract

  In the postwar period, with every subsequent expansion, a smaller and smaller share of the gains in income growth have gone to the bottom 90 percent of families. Worse, in…more

  Download Policy Note 2015/4 PDF (561.81 KB)
• Policy Note No. 4
  March 30, 2015

  Όταν αυτό που είναι καλό για έναν δεν είναι καλό για όλους μας

  Pavlina R. Tcherneva
  Abstract

  Στη μεταπολεμική περίοδο, κάθε μεταγενέστερη οικονομική επέκταση συνοδεύθηκε από το φαινόμενο ενός όλο και μικρότερου ποσοστού της αύξησης του εισοδήματος να καταλήγει στο 90% των χαμηλότερων εισοδηματικών στρωμάτων.Ακόμη χειρότερα, κατά…more

  Download Σημείωμα Πολιτικής 2015/4 PDF (547.61 KB)
• Working Paper No. 835
  March 12, 2015

  On the Determinants of Changes in Wage Inequality in Bolivia

  Fernando Rios-Avila and Gustavo Canavire-Bacarreza
  Abstract

  In recent years, Bolivia has experienced a series of economic and political transformations that have directly affected the labor markets, particularly the salaried urban sector. Real wages have shown strong…more

  Download Working Paper No. 835 PDF (588.59 KB)
• Policy Note No. 3
  March 04, 2015

  A Decade of Declining Wages

  Fernando Rios-Avila
  Abstract

  In a recent policy note (A Decade of Flat Wages?) we examined wage trends since 1994, and found that while wages grew between 1994 and 2002, average real wages stagnated…more

  Download Policy Note 2015/3 PDF (434.13 KB)
• Policy Note No. 3
  March 04, 2015

  Μια δεκαετία πτωτικής τάσης των μισθών

  Fernando Rios-Avila
  Abstract

  Σε ένα πρόσφατο κείμενο πολιτικής («A Decade of Flat Wages?») εξετάσαμε την εξέλιξη των μισθών από το 1994 και βρήκαμε ότι ενώ οι μισθοί αυξήθηκαν μεταξύ 1994 και 2002, ο…more

  Download Σημείωμα Πολιτικής 2015/3 PDF (551.64 KB)
• Working Paper No. 832
  February 11, 2015

  The Rise of Money and Class Society

  L. Randall Wray and Alla Semenova
  Abstract

  This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels to the case of ancient Egypt. In doing so, the paper examines…more

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• Working Paper No. 832
  February 11, 2015

  Η άνοδος του χρήματος και της ταξικής κοινωνίας

  L. Randall Wray and Alla Semenova
  Abstract

  Η παρούσα εργασία διερευνά την άνοδο του χρήματος και της ταξικής κοινωνίας στην αρχαία Ελλάδα, αντλώντας ιστορικούς και θεωρητικούς παραλληλισμούς από την περίπτωση της αρχαίας Αιγύπτου. Με τον τρόπο αυτό,…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 832 PDF (509.38 KB)