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Earnings persistence

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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 ...