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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
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10010320274
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