Publications

90 publications found, searching for 'Inequality '

• Working Paper No. 703
  January 06, 2012

  A Comparison of Inequality and Living Standards in Canada and the United States Using an Expanded Measure of Economic Well-Being

  Edward N. Wolff, Ajit Zacharias, Thomas Masterson, Selçuk Eren, Andrew Sharpe, and Elspeth Hazell
  Abstract

  We use the Levy Institute Measure of Economic Well-being (LIMEW), the most comprehensive income measure available to date, to compare economic well-being in Canada and the United States in the…more

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• One-Pager No. 16
  October 21, 2011

  Beyond Pump Priming

  Pavlina R. Tcherneva
  Abstract

  The American Jobs Act now before Congress relies largely on a policy of aggregate demand management, or “pump priming”: injecting demand into a frail economy in hopes of boosting growth…more

  Download One-Pager No. 16 PDF (73.12 KB)
• Working Paper No. 679
  July 25, 2011

  The Levy Institute Measure of Economic Well-Being, France, 1989 and 2000

  Edward N. Wolff, Ajit Zacharias, Thomas Masterson, and Selçuk Eren
  Abstract

  We construct estimates of the Levy Institute Measure of Economic Well-Being for France for the years 1989 and 2000. We also estimate the standard measure of disposable cash income (DI)…more

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• Working Paper No. 676
  July 18, 2011

  Quality of Match for Statistical Matches Used in the 1989 and 2000 LIMEW Estimates for France

  Thomas Masterson
  Abstract

  The quality of match for each of four statistical matches used in the LIMEW estimates for France for 1989 and 2000 is described. The first match combines the 1992 Enquête…more

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• Working Paper No. 672
  May 27, 2011

  Income Distribution in a Monetary Economy

  Nazim Kadri Ekinci
  Abstract

  The paper provides a novel theory of income distribution and achieves an integration of monetary and value theories along Ricardian lines, extended to a monetary production economy as understood by…more

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• Working Paper No. 667
  April 20, 2011

  The Levy Institute Measure of Economic Well-Being, Great Britain, 1995 and 2005

  Edward N. Wolff, Ajit Zacharias, Thomas Masterson, and Selçuk Eren
  Abstract

  We construct estimates of the Levy Institute Measure of Economic Well-Being for Great Britain for the years 1995 and 2005. We also produce estimates of the official British measures HBAI…more

  Download Working Paper No. 667 PDF (1.01 MB)
• Working Paper No. 663
  March 29, 2011

  Quality of Match for Statistical Matches Used in the 1995 and 2005 LIMEW Estimates for Great Britain

  Thomas Masterson
  Abstract

  The quality of match of four statistical matches used in the LIMEW estimates for Great Britain for 1995 and 2005 is described. The first match combines the fifth (1995) wave…more

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• Working Paper No. 651
  February 14, 2011

  Unit Labor Costs in the Eurozone

  Jesus Felipe and Utsav Kumar
  Abstract

  Current discussions about the need to reduce unit labor costs (especially through a significant reduction in nominal wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal,…more

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• Working Paper No. 651
  February 14, 2011

  Το μοναδιαίο κόστος εργασίας στην ευρωζώνη

  Jesus Felipe and Utsav Kumar
  Abstract

  Οι τρέχουσες εισηγήσεις σχετικά με την ανάγκη να μειωθεί το μοναδιαίο κόστος εργασίας (κυρίως μέσω δραστικών μειώσεων των ονομαστικών μισθών) σε ορισμένες χώρες της ευρωζώνης (ειδικότερα στην Ελλάδα, την Ιρλανδία,…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 651 PDF (1.36 MB)
• Working Paper No. 650
  January 19, 2011

  Fiscal Policy: Why Aggregate Demand Management Fails and What to Do about It

  Pavlina R. Tcherneva
  Abstract

  This paper argues for a fundamental reorientation of fiscal policy, from the current aggregate demand management model to a model that explicitly and directly targets the unemployed. Even though aggregate…more

  Download Working Paper No. 650 PDF (351.73 KB)
• Working Paper No. 624
  September 30, 2010

  A Reassessment of the Use of Unit Labor Costs as a Tool for Competitiveness and Policy Analyses in India

  Jesus Felipe and Utsav Kumar
  Abstract

  We reinterpret unit labor costs (ULC) as the product of the labor share in value added, times a price adjustment factor. This allows us to discuss the functional distribution of…more

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• Working Paper No. 618
  September 16, 2010

  Quality of Match for Statistical Matches Used in the 1992 and 2007 LIMEW Estimates for the United States

  Thomas Masterson
  Abstract

  The quality of match of four statistical matches used in the LIMEW estimates for the United States for 1992 and 2007 is described. The first match combines the 1992 Survey…more

  Download Working Paper No. 618 PDF (314.51 KB)
• Working Paper No. 615
  September 01, 2010

  Quality of Match for Statistical Matches Used in the 1999 and 2005 LIMEW Estimates for Canada

  Thomas Masterson
  Abstract

  The quality of match of four statistical matches used in the LIMEW estimates for Canada for 1999 and 2005 is described. The first match combines the 1999 Survey of Financial…more

  Download Working Paper No. 615 PDF (336.65 KB)
• Working Paper No. 589
  March 09, 2010

  Recent Trends in Household Wealth in the United States: Rising Debt and the Middle-Class Squeeze—an Update to 2007

  Edward N. Wolff
  Abstract

  I find here that the early and mid-aughts (2001 to 2007) witnessed both exploding debt and a consequent “middle-class squeeze.” Median wealth grew briskly in the late 1990s. It grew…more

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• Working Paper No. 588
  March 08, 2010

  Decomposition of the Black-White Wage Differential in the Physician Market

  Tsu-Yu Tsao and Andrew Pearlman
  Abstract

  This paper proposes a difference-in-differences strategy to decompose the contributions of various types of discrimination to the black-white wage differential. The proposed estimation strategy is implemented using data from the…more

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• Working Paper No. 568
  June 04, 2009

  Distributional Impact of the American Recovery and Reinvestment Act

  Ajit Zacharias, Thomas Masterson, and Kijong Kim
  Abstract

  Over the last two decades, those at the bottom of the income scale have seen their incomes stagnate, while those at the top have seen theirs skyrocket; without intervention, the…more

  Download Working Paper No. 568 PDF (350.09 KB)
• Working Paper No. 566
  May 20, 2009

  Caste and Wealth Inequality in India

  Ajit Zacharias and Vamsi Vakulabharanam
  Abstract

  In this paper, we conduct the novel exercise of analyzing the relationship between overall wealth inequality and caste divisions in India using nationally representative surveys on household wealth conducted during…more

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• Working Paper No. 556
  January 29, 2009

  Long-Term Trends in the Levy Institute Measure of Economic Well-Being (LIMEW), United States, 1959–2004

  Edward N. Wolff, Ajit Zacharias, and Thomas Masterson
  Abstract

  The motivation to construct the LIMEW in lieu of relying on the official measures of well-being is to provide a more comprehensive measure of economic inequality that will also show…more

  Download Working Paper No. 556 PDF (705.76 KB)