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City University of New York (CUNY)
Dissertations, Theses, and Capstone Projects
Distributional decomposition; firm size; household debt; income inequality; VECM; wealth inequality
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Three Essays On Income And Wealth Inequality, Damir Cosic
Three Essays On Income And Wealth Inequality, Damir Cosic
Dissertations, Theses, and Capstone Projects
This dissertation consists of three essays on income and wealth inequality. The essays examine various aspects of this complex feature of the economic system.
The first essay shows that the distribution of firm sizes in an economy is an important determinant of wage distribution. I use data from the U.S. Current Population Survey and the ExecuComp between 1992 and 2012 to construct a new dataset and estimate wage distribution and various measures of wage inequality. I decompose differences in wage inequality across firm sizes and over time by using semi-parametric methods. In 1992, wages were distributed more unequally in small …