TRISP develops structural household life-cycle models in macroeconomic environments to evaluate the effects of inequality in income, wealth, hours worked and consumption on welfare, and to quantitatively decompose the trends in inequality into their various sources. We then use these models to evaluate the impact of fiscal and monetary policies on inequality and to characterize welfare improving policies.
Country: USA
PII
PII investigates the argument that the underlying driver of populism is lifetime shifts in economic inequality, caused by on-going economic transformation through technological change and import competition. The underlying dynamics are hypothesised to display similar patterns of change across countries.
However, the pattern of populist attitudes may differ, depending on how such long-term change can be mediated through institutions, education, retraining and upgrading; and how the effect of populist attitudes is magnified via electoral and party institutions.
IMCHILD
IMCHILD analyses:
- How circumstances in childhood affect influential decisions which mark individuals’ transition to adulthood (educational and occupational choices, family formation etc.);
- How these decisions translate into social and economic outcomes (e.g. labour market performance, well-being, (early) retirement decisions) at later stages in life. We aim to identify causal mechanisms via which social and economic advantages are transmitted from one generation to another, reproducing and reinforcing inequalities in the society.