Open Access. Powered by Scholars. Published by Universities.®

Macroeconomics Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 4 of 4

Full-Text Articles in Macroeconomics

Essays On The Western Labor Markets, Hans A. Holter Aug 2011

Essays On The Western Labor Markets, Hans A. Holter

Publicly Accessible Penn Dissertations

In Chapter 2, "Accounting for Cross-Country Differences in Intergenerational Earnings Persistence: The Impact of Taxation and Public Education Expenditure," I study the determinants of cross-country differences in intergenerational earnings persistence between fathers and sons. Western economies exhibit substantial differences in the degree of intergenerational earnings persistence between fathers and sons. Earnings persistence is relatively low in Northern Europe and relatively high in the US, Britain, and Southern Europe. In this chapter I first document that there is a strong negative cross-country correlation between intergenerational earnings persistence and tax progressivity, and intergenerational earnings persistence and public expenditure on tertiary education. I ...


Essays On The Macroeconomics Of Income Inequality, Serdar Ozkan May 2011

Essays On The Macroeconomics Of Income Inequality, Serdar Ozkan

Publicly Accessible Penn Dissertations

This thesis consists of three chapters, each of which focuses on different aspects of economic inequality.

First, we investigate the differences in wage inequality between the United States and continental European countries (CEU). Wage inequality has been significantly higher in the US compared to the CEU since the 1970s. Moreover, this inequality gap has further widened in the last three decades. We study the role of redistributive institutions, particularly progressive income tax policies, in understanding these facts in a human capital accumulation setting.

Second, we focus on statistical modeling of labor income risk over the life cycle. Using the PSID ...


Essays On The Macroeconomics Of Labor Markets, Sergiy Stetsenko May 2010

Essays On The Macroeconomics Of Labor Markets, Sergiy Stetsenko

Publicly Accessible Penn Dissertations

This dissertation consists of two essays studying macroeconomics questions about labor markets. The research in this document is separated into chapters that study distinct features of aggregate labor market outcomes.

The first essay documents the change in behavior of fertility rate at business cycle frequencies in the United States between the 1970s and 1990s and shows how the cyclical and secular properties of fertility can be used to distinguish among several proposed theories that account for the rise in labor force participation of married mothers. The model, in which households make fertility, female labor force participation and asset accumulation decisions ...


Essays On Macroeconomics And Labor Markets: Understanding Idiosyncratic And Aggregate Shocks, Se Kyu Choi Aug 2009

Essays On Macroeconomics And Labor Markets: Understanding Idiosyncratic And Aggregate Shocks, Se Kyu Choi

Publicly Accessible Penn Dissertations

This dissertation studies the importance of shocks in understanding economic outcomes, both at the aggregate and at the individual levels. The research in this document is separated into chapters that deal with somewhat dissimilar questions which are linked by the necessity to acknowledge and understand how unforeseeable shocks determine how agents make economic decisions. These shocks or innovations are a potential explanation for why, often similar economic actors face very different paths.

In Chapter 2, the interest lays in the determinants of different life-cycle fertility outcomes across educational groups. The chapter presents a model where individuals deal with idiosyncratic shocks ...