Income inequality: the role of impatience in a job-search process
Autor(a) principal: | |
---|---|
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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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 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/742 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/742 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;559 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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FGV |
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