gratefully acknowledge the financial support from the Center for Population Economics at the University of Chicago. Any remaining errors are my own. Abstract This paper estimates how much changes in employment and hours worked for family heads and spouses contributed to the rise in the family income inequality between 1969 and 1989. Change in labor market activity of family heads accounts for h...

Search engine marketing is currently the most popular form of online advertising. Many advertising agencies and bloggers claim that the success of search engine marketing is driven by the ‘‘long tail”, defined in this research as the many less popular keywords employed by users to search the Internet, and suggest that search engine marketing campaigns need to have hundreds or thousands of keywo...

The paper shows using empirical evidence frommore than 100 countries’ household surveys, that income gains that the rich can realize through amore unequal distribution are oftenmuch larger than the realistic gains from a distribution-neutral growth. The rich are thus more likely to support policies that increase inequality than be concerned about income growth of their countries. © 2016 Publish...

Online Appendix Figure 3 shows the analogue of Figure 3 estimated separately for different demographic groups. For individual demographics, we assign the household the characteristics of the primary household member—i.e., the one whose life history information we use in our main estimation (see Section 2.2). Panel A plots relative shares separately for households where the primary household mem...

Abstract This article proposes a comparative political economy framework for analyzing the links between varieties of capitalism (VoC) and growth models, with focus on role income distribution in international trade imbalances leading up to global financial crisis 2008. For panel 18 countries over period 1981–2007, we find that strongly rising top shares contributed debt-led current account def...

Various tax policies provide consumers with forms of insurance. Social security has the payoff characteristics of an annuity. The income tax provides consumers with a degree of Income insurance because the government shares part of the individual's income risk. Redistributive taxes can be used to spread aggregate income risks across different generations The effects of these and other tax polic...

This paper proposes a visual cryptography by random grids scheme with identifiable shares. The method encodes an image O in two shares that exhibits the following features: (1) each generated share has the same scale as O, (2) any share singly has noise-like appearance that reveals no secret information on O, (3) the secrets can be revealed by superimposing the two shares, (4) folding a share u...