PropertyValue
?:abstract
  • I document that the mean earnings profile over the life-cycle is steeper in the U.S. than in Europe, while the variance of log earnings and the ratio of 90th to 50th percentile of the earnings distribution show faster growth over the life-cycle in the U.S. I study these differences in labor earnings inequality using a life-cycle model of human capital accumulation and elastic labor supply which features progressive taxation and college choice. Individuals in the model are heterogeneous with respect to their learning ability and initial human capital as well as disutility for college. I then study the role of differences in taxation and higher education policies for shaping the observed differences in inequality across U.S. and Europe. I find that progressive taxation significantly suppresses pre-tax earnings and higher education subsidies increases inequality. Accounting for TFP differences show an important role for differential return to human capital across countries. To fully reconcile the model with data, the role of differences in initial conditions is key. (xsd:string)
?:author
?:comment
  • (SILC) (xsd:string)
?:dataSource
  • EU-SILC-Bibliography (xsd:string)
?:dateModified
  • 2020 (xsd:gyear)
?:datePublished
  • 2020 (xsd:gyear)
?:doi
  • 10.2139/ssrn.3529362 ()
?:duplicate
is ?:hasPart of
?:inLanguage
  • english (xsd:string)
?:issueNumber
  • ID 3529362 (xsd:string)
is ?:mainEntity of
?:name
  • Life-cycle Inequality: U.S. vs Europe (xsd:string)
?:provider
?:publicationType
  • techreport (xsd:string)
?:sourceInfo
  • (ID 3529362), 2020 (xsd:string)
  • Bibsonomy (xsd:string)
?:studyGroup
  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
?:tags
  • 2020 (xsd:string)
  • FDZ_GML (xsd:string)
  • SILC (xsd:string)
  • SILC_input2020 (xsd:string)
  • SILC_pro (xsd:string)
  • checked (xsd:string)
  • imported (xsd:string)
  • jak (xsd:string)
  • techreport (xsd:string)
rdf:type
?:url