The Mis-measurement of Permanent Earnings PDF Download

Author: Bhashkar Mazumder
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 46

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Author: Joseph de la Torre Dwyer
Publisher: Springer Nature
ISBN: 3030211266
Category : Philosophy
Languages : en
Pages : 248

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This book develops a novel approach to distributive justice by building a theory based on a concept of desert. As a work of applied political theory, it presents a simple but powerful theoretical argument and a detailed proposal to eliminate unmerited inequality, poverty, and economic immobility, speaking to the underlying moral principles of both progressives who already support egalitarian measures and also conservatives who have previously rejected egalitarianism on the grounds of individual freedom, personal responsibility, hard work, or economic efficiency. By using an agnostic, flexible, data-driven approach to isolate luck and ultimately measure desert, this proposal makes equal opportunity initiatives both more accurate and effective as it adapts to a changing economy. It grants to each individual the freedom to genuinely choose their place in the distribution. It provides two policy variations that are perfectly economically efficient, and two others that are conditionally so. It straightforwardly aligns outcomes with widely shared, fundamental moral intuitions. Lastly, it demonstrates much of the above by modeling four policy variations using 40 years of survey data from the Panel Study of Income Dynamics.

Author: Marlene Kim
Publisher: Routledge
ISBN: 1134194994
Category : Business & Economics
Languages : en
Pages : 301

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Examining the crucial topic of race relations, this book explores the economic and social environments that play a significant role in determining economic outcomes and why racial disparities persist. With contributions from a range of international contributors including Edward Wolff and Catherine Weinberger, the book compares how various racial groups fare and are affected in different ways by economic and social institution. Themes covered in the book include: the economic status of various racial and ethnic groups, including their progress or retrenchment over the years how the law, economic motivations, and increased competition for jobs affect racial disparities. This is an invaluable resource for researchers and academics across a number of disciplines including political economy, ethnic and multicultural studies, Asian studies, and sociology.

Author: Samuel Bowles
Publisher: Princeton University Press
ISBN: 1400835496
Category : Social Science
Languages : en
Pages : 315

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Is the United States "the land of equal opportunity" or is the playing field tilted in favor of those whose parents are wealthy, well educated, and white? If family background is important in getting ahead, why? And if the processes that transmit economic status from parent to child are unfair, could public policy address the problem? Unequal Chances provides new answers to these questions by leading economists, sociologists, biologists, behavioral geneticists, and philosophers. New estimates show that intergenerational inequality in the United States is far greater than was previously thought. Moreover, while the inheritance of wealth and the better schooling typically enjoyed by the children of the well-to-do contribute to this process, these two standard explanations fail to explain the extent of intergenerational status transmission. The genetic inheritance of IQ is even less important. Instead, parent-offspring similarities in personality and behavior may play an important role. Race contributes to the process, and the intergenerational mobility patterns of African Americans and European Americans differ substantially. Following the editors' introduction are chapters by Greg Duncan, Ariel Kalil, Susan E. Mayer, Robin Tepper, and Monique R. Payne; Bhashkar Mazumder; David J. Harding, Christopher Jencks, Leonard M. Lopoo, and Susan E. Mayer; Anders Björklund, Markus Jäntti, and Gary Solon; Tom Hertz; John C. Loehlin; Melissa Osborne Groves; Marcus W. Feldman, Shuzhuo Li, Nan Li, Shripad Tuljapurkar, and Xiaoyi Jin; and Adam Swift.

Author: Meen, Geoffrey
Publisher: Bristol University Press
ISBN: 1529211867
Category : Business & Economics
Languages : en
Pages : 336

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For many younger and lower-income people, housing affordability continues to worsen. Based on the academic research of two distinguished housing economists – and stimulated by working with governments across the world - this wide-ranging book sets out clear theoretical and empirical frameworks to tackle one of today’s most important socio-economic issues. Housing unaffordability arises from complex forces and a prerequisite to effective policy is understanding the causes of rising house prices and rents and the interactions between housing, housing finance and the macroeconomy. The authors challenge many of the conventional wisdoms in housing policy and offer innovative recommendations to improve affordability.

Author: Bhashkar Mazumder
Publisher:
ISBN:
Category :
Languages : en
Pages : 226

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Author: Marlier, Eric
Publisher: Policy Press
ISBN: 1847421725
Category : Political Science
Languages : en
Pages : 329

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Social cohesion is one of the declared objectives of the European Union and, with some 16% of EU citizens at risk of poverty, the need to fight poverty and social exclusion continues as a major challenge. This book provides an in-depth analysis of the EU Social Inclusion Process, the means by which it hopes to meet this objective, and explores the challenges ahead at local, regional, national and EU levels. It sets out concrete proposals for taking the Process forward. The book provides a unique analysis of policy formulation and assessment. Setting out the evolution and current state of EU cooperation in social policy, it examines what can be learned about poverty and social exclusion from the EU commonly agreed indicators. Taking the position of outside, but informed, observers, the authors explore the further development of the common indicators, including the implications of Enlargement, and consider the challenges of advancing the Social Inclusion Process - strengthening policy analysis, embedding the Process in domestic policies and making it more effective. Proposing the setting of targets and restructuring of National Action Plans and their implementation, they emphasise the need for widespread ownership of the Process at domestic and EU level and for it to demonstrate significant progress in reducing poverty and social exclusion. The book will be invaluable to academics, students and policy-makers at sub-national, national and EU levels as well as to social partners, and NGOs working towards a more inclusive society.

Author: Daniel Sullivan
Publisher:
ISBN:
Category : Career development
Languages : en
Pages : 88

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This paper uses administrative data on quarterly employment and earnings matched to death records to estimate the effects of job displacement on mortality. We find that job displacement leads to a 15-20% increase in death rates during the following 20 years. If such increases were sustained beyond this period, they would imply a loss in life expectancy of about 1.5 years for a worker displaced at age 40. These results are robust to extensive controls for sorting and selection, and are consistent with estimates of the effects of job loss on mortality pooling displaced workers and stayers that are not affected by selective job displacement. To examine the channels through which mass layoffs raise mortality, we exploit the panel nature of our data -- covering over 15 years of earnings -- to analyze the correlation of long-run career outcomes, such as the mean and standard deviation of earnings, with mortality at the individual and group level, something not possible with typical data sets. Our findings suggest that factors correlated with a decrease in mean earnings and a rise in standard deviation of earnings have the potential to explain an important fraction of the effect of a job displacement on mortality.

Author: Dr. Kahkasha Safi
Publisher: Booksclinic Publishing
ISBN: 9358239611
Category : Business & Economics
Languages : en
Pages : 366

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This book MICRO and MACRO Economics theory has been written for the students of BBA, B.COM, M.COM and MBA. This book covers the syllabus of almost all the universities and institutions running with the courses. Although this book is for under graduation but it also covers up the syllabus of the post graduation classes and even for the beginners of the subject, who have knowledge on the priority basis in this field would found this book easy to understand, the graph and mathematical analysis has been used but in a manner that even without mathematics background students will found it out more easy to grasp the points. The explanations and examples of the books are specifically written with the concepts of economics in the background and are not general cases on management. This will further enhance the value of the book in future. I have a great pleasure in presenting this book to the faculties and students of this subject. Although there are many books available in the market on this subject, but my experience of about ten years shows that the students somehow miss-out on basis concept of topic and, therefore, tend to consider this subject as very tough and difficult. Hence, in writing this book special emphasis has been laid on simplicity of language and presentation without losing the academic rigor of the contents. Even difficult topics have been presented in such a manner that the student understands it easily. Unnecessary details have been avoided.

Author: Angus Deaton
Publisher: Clarendon Press
ISBN: 0191521639
Category : Business & Economics
Languages : en
Pages : 256

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This book provides an overview of the recent research on saving and consumption, a field in which substantial progress has been made over the last decade. Attempts by economists to understand saving and consumption patterns have generated some of the best science in economics. For more than fifty years, there has been serious empirical and theoretical activity, and data, theory, and policy have never been separated as has happened in many branches of economics. Research has drawn microeconomists interested in household behaviour, as well as macroeconomists, for whom the behaviour of aggregate consumption has always occupied a central role in explaining aggregate fluctuations. Econometricians have also made distinguished contributions, and there has been a steady flow of new methodologies by those working on saving and consumption, in time-series econometrics, as well as in the study of micro and panel data. A coherent account of these developments is presented here, emphasizing the interplay between micro and the macro, between studies of cross-section and panels, and those using aggregate time series data.