Doris, Aedin and O'Neill, Donal and Sweetman, Olive (2010) Aggregate Earnings Inequality in Europe: Permanent Differences or Transitory Fluctuations? NUI Maynooth. (Unpublished)

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Abstract

This paper examines the relationship between aggregate inequality and its underlying components for a number of European countries. We use a well established GMM approach to separate the permanent component from the transitory component of earnings inequality. Our results show that three quarters of the observed cross-country differences in aggregate inequality in Europe is accounted for by differences in permanent inequality, reflecting differences in individual characteristics that persist throughout the life-cycle.

Item Type:	Other
Keywords:	Permanent Inequality; Transitory Inequality; Generalized Method of Moments; Covariance Structure of Earnings;
Academic Unit:	Faculty of Social Sciences > Economics, Finance and Accounting
Item ID:	1990
Identification Number:	N211-10
Depositing User:	Ms Sandra Doherty
Date Deposited:	12 Jun 2012 15:00
Publisher:	NUI Maynooth
URI:
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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