Income inequality in a job-search model with heterogeneous time preferences
Data(s) |
13/05/2008
13/05/2008
01/03/2004
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Resumo |
This paper explores the use of an intertemporal job-search model in the investigation of within-cohort and between-cohort income inequality, the latter being generated by the heterogeneity of time preferences among cohorts of homogenous workers and the former by the cross-sectional turnover in the job market. It also offers an alternative explanation for the empirically-documented negative correlation between time preference and labor income. Under some speciÖc distributions regarding wage offers and time preferences, we show how the within-cohort and between-cohort Gini coe¢ cients of income distribution can be calculated, and how they vary as a function of the parameters of the model. |
Identificador |
0104-8910 |
Idioma(s) |
en_US |
Publicador |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
Relação |
Ensaios Econômicos;538 |
Palavras-Chave | #Economia #Renda - Distribuição |
Tipo |
Working Paper |