Income inequality: the role of impatience in a job-search process

Detalhes bibliográficos
Autor(a) principal: Cysne, Rubens Penha
Data de Publicação: 2004
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/742
Resumo: This paper investigates the income inequality generated by a jobsearch process when di§erent cohorts of homogeneous workers are allowed to have di§erent degrees of impatience. Using the fact the average wage under the invariant Markovian distribution is a decreasing function of the time preference (Cysne (2004)), I show that the Lorenz curve and the between-cohort Gini coe¢ cient of income inequality can be easily derived in this case. An example with arbitrary measures regarding the wage o§ers and the distribution of time preferences among cohorts provides some quantitative insights into how much income inequality can be generated, and into how it varies as a function of the probability of unemployment and of the probability that the worker does not Önd a job o§er each period.
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spelling Cysne, Rubens PenhaEscolas::EPGEFGV2008-05-13T15:32:28Z2008-05-13T15:32:28Z2004-08-010104-8910http://hdl.handle.net/10438/742This paper investigates the income inequality generated by a jobsearch process when di§erent cohorts of homogeneous workers are allowed to have di§erent degrees of impatience. Using the fact the average wage under the invariant Markovian distribution is a decreasing function of the time preference (Cysne (2004)), I show that the Lorenz curve and the between-cohort Gini coe¢ cient of income inequality can be easily derived in this case. An example with arbitrary measures regarding the wage o§ers and the distribution of time preferences among cohorts provides some quantitative insights into how much income inequality can be generated, and into how it varies as a function of the probability of unemployment and of the probability that the worker does not Önd a job o§er each period.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;559Income inequality: the role of impatience in a job-search processinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaEconomiaRenda - DistribuiçãoEmprego (Teoria econômica)reponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL1686.pdfapplication/pdf185041https://repositorio.fgv.br/bitstreams/87a3d459-0dfd-4c39-a9a9-99dce45858aa/download9f7504dfab99db7b428ffa1a7fb7d665MD51TEXT1686.pdf.txt1686.pdf.txtExtracted texttext/plain22036https://repositorio.fgv.br/bitstreams/28db5a05-037f-45e4-959e-bd4ed367dc6d/downloadc540168ce3b13e35bdff9c11bf4ff487MD56THUMBNAIL1686.pdf.jpg1686.pdf.jpgGenerated Thumbnailimage/jpeg3211https://repositorio.fgv.br/bitstreams/bfe5737c-6a54-497c-b3b4-e4c339e39888/download07f74b31dca26325adde749852658996MD5710438/7422023-11-08 19:39:13.333open.accessoai:repositorio.fgv.br:10438/742https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-08T19:39:13Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv Income inequality: the role of impatience in a job-search process
title Income inequality: the role of impatience in a job-search process
spellingShingle Income inequality: the role of impatience in a job-search process
Cysne, Rubens Penha
Economia
Economia
Renda - Distribuição
Emprego (Teoria econômica)
title_short Income inequality: the role of impatience in a job-search process
title_full Income inequality: the role of impatience in a job-search process
title_fullStr Income inequality: the role of impatience in a job-search process
title_full_unstemmed Income inequality: the role of impatience in a job-search process
title_sort Income inequality: the role of impatience in a job-search process
author Cysne, Rubens Penha
author_facet Cysne, Rubens Penha
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Cysne, Rubens Penha
dc.subject.area.por.fl_str_mv Economia
topic Economia
Economia
Renda - Distribuição
Emprego (Teoria econômica)
dc.subject.bibliodata.por.fl_str_mv Economia
Renda - Distribuição
Emprego (Teoria econômica)
description This paper investigates the income inequality generated by a jobsearch process when di§erent cohorts of homogeneous workers are allowed to have di§erent degrees of impatience. Using the fact the average wage under the invariant Markovian distribution is a decreasing function of the time preference (Cysne (2004)), I show that the Lorenz curve and the between-cohort Gini coe¢ cient of income inequality can be easily derived in this case. An example with arbitrary measures regarding the wage o§ers and the distribution of time preferences among cohorts provides some quantitative insights into how much income inequality can be generated, and into how it varies as a function of the probability of unemployment and of the probability that the worker does not Önd a job o§er each period.
publishDate 2004
dc.date.issued.fl_str_mv 2004-08-01
dc.date.accessioned.fl_str_mv 2008-05-13T15:32:28Z
dc.date.available.fl_str_mv 2008-05-13T15:32:28Z
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dc.identifier.issn.none.fl_str_mv 0104-8910
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dc.language.iso.fl_str_mv eng
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dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;559
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
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