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This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters the accumulation of wealth. It proposes a measure for an individual's want of social status. For a given level of a population's wealth, the corresponding aggregate measure of...
Persistent link: https://www.econbiz.de/10010293749
This paper presents new evidence on intergenerational mobility in the top of the income and earnings distribution … the top, more so for income than for earnings. In the extreme top (top 0.1 percent) income transmission is remarkable with … fathers' income are, if anything, negatively associated with these variables. Wealth, on the other hand, has a significantly …
Persistent link: https://www.econbiz.de/10010320406
In this paper we use newly compiled top income share data to estimate common breaks and trends across countries over … seem to be as clear cut as previously suggested. Some continental European countries have had increases in top income … display a marked "Anglo-Saxon" pattern, with sharply increased top income shares. Unlike in the Anglo-Saxon countries, however …
Persistent link: https://www.econbiz.de/10010320368