Exploring Differences in Unemployment Risk
Understanding Earnings Dispersion
Fatih Karahan How much someone earns is an important determinant of many significant decisions over the course of a lifetime. Therefore, understanding how and why earnings are dispersed across individuals is central to understanding dispersion in a wide range of areas such as durable and non-durable consumption expenditures, debt, hours worked, and even health. Drawing […]
Beyond the Macroeconomy
The Federal Reserve’s statutory mission from Congress is to achieve maximum employment and price stability for the country as a whole.
Incentive Pay and Gender Compensation Gaps for Top Executives
Stefania Albanesi, Claudia Olivetti, and Maria Prados The persistence of a gender gap in wages is shaping the debate over women’s equality in the workplace and underscores the challenge facing policymakers as they consider their potential role in closing it. While the disparity affects females at all income levels, women in professional and managerial occupations […]
When Women Out‑Earn Men
We often hear that women earn “77 cents on the dollar” compared with men.
A Discussion of Thomas Piketty’s Capital in the Twenty‑First Century: Does More Capital Increase Inequality?
My aim in the second post of this series on Thomas Piketty’s Capital in the Twenty-First Century is to talk about the economist’s research accomplishment in reconstructing capital-output ratios for developed countries from the Industrial Revolution to the present and using them to explain why wealth inequality will rise in developed countries.
A Discussion of Thomas Piketty’s Capital in the Twenty‑First Century: By How Much Is r Greater than g?
Maxim Pinkovskiy describes the arguments that Thomas Piketty makes to conclude that wealth inequality will rise and that global capital taxation is needed to stop it, and offers a critical discussion of the arguments.
Does Business Training Work?
Leaders of both developing and advanced economies believe that encouraging the development of small businesses will lead to job creation and economic growth.
The Capitol Since the Nineteenth Century: Political Polarization and Income Inequality in the United States
Even the most casual observer of American politics knows that today’s Republican and Democratic parties seem to disagree with one another on just about every issue under the sun
Just Released: Regional Economic Press Briefing on Job Polarization and Rising Inequality
Over the past three decades, the United States has seen substantial growth in both high- skill and low-skill jobs, while growth of those in the middle has stagnated.
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