US income inequality and assortative marriages

Jeremy Greenwood, Nezih Guner, Georgi Kocharkov, Cezar Santos 22 February 2014

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Income inequality in the US has sharply increased over the last several decades. This is a well-documented fact (e.g. Gottschalk and Moffitt 1994, Katz and Autor 1999). The general public is also very interested in the issue. A recent USA TODAY/Pew Research Center poll shows that the majority of the population thinks “the economic system in the country unfairly favours the wealthy” and that the government should do “a lot to reduce the gap between the rich and everyone else.” Policymakers are aware of this as well.

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Topics:  Poverty and income inequality

Tags:  marriage, assortative matching

Why buyers matter

Andrew B. Bernard, Andreas Moxnes, Karen-Helene Ulltveit-Moe 15 November 2013

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Trade in goods across borders is conducted by firms, from an exporting firm in a source country to an importing firm in a destination country. Firms trade, not countries.

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Topics:  International trade

Tags:  trade, Norway, heterogeneity, assortative matching