Project description
Unveiling Europe’s economic disparities in work, wealth and welfare
In today’s global landscape, stark disparities in work, wealth, and welfare plague societies, breeding profound economic inequality. This imbalance not only undermines societal cohesion but also stifles opportunities for growth and prosperity. With the support of the Marie Skłodowska-Curie Actions programme, the I3W aims to unravel the complexities underlying societal inequality. Through meticulously crafted research objectives, such as developing macroeconomic frameworks and analysing underlying factors affecting welfare drivers, the project seeks to provide deep insights into the root causes of inequality. By generating empirical knowledge and novel theories, I3W endeavours to not only expand the boundaries of welfare inequality research, but also equip policymakers with invaluable tools for cross-country comparison and analysis.
Objective
I3W aims at generating empirical knowledge and novel theories to explain the joint distribution of work, wealth, and welfare in the population using macroeconomic theory, structural quantitative models, and micro data. Specifically, I3W’s overall goal will be achieved through the following research objectives and their corresponding work packages (WP):
I. Develop a macroeconomic framework of the drivers of welfare inequality. In WP1 I will develop a model based on expected utility—a function of lifetime consumption, lifetime leisure, and life expectancy and their joint distributions—for measuring inequality in economic well-being within a country using rich longitudinal datasets. This framework will allow me to measure and decompose the welfare inequality in a selection of European countries and compare to the US over time, allowing a deeper understanding of the observed heterogeneity in the population along various dimensions: life expectancy, hours worked, wealth, income, consumption, and ultimately also welfare.
II. Analyze underlying factors affecting the drivers: the case of inequality of leisure in relation to access to insurance. In WP2 I will test the hypothesis that better insurance, interpreted in its most general form, leads to a more positive correlation between wages and hours worked. I will base my arguments on observations from micro data, show it theoretically using a theory of labor supply that is consistent with cross-country evidence, evidence over time, and evidence from micro data, and quantify the importance in practice with a carefully calibrated heterogenous-agent model.
The outputs of WP1 and WP2 will be two working papers that will push the current boundaries of the welfare inequality research field while providing policymakers a tool box for the analysis and comparison across European countries of welfare inequality and its drivers.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.2 - Marie Skłodowska-Curie Actions (MSCA)
MAIN PROGRAMME
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Topic(s)
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-TMA-MSCA-PF-EF - HORIZON TMA MSCA Postdoctoral Fellowships - European Fellowships
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-MSCA-2023-PF-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
N-5045 Bergen
Norway
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.