Showing 1 - 10 of 157
We use a parametric method to estimate the income distribution for 191 countries between 1970 and 2006. We estimate the World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and welfare. Using the official $1/day line, we estimate that...
Persistent link: https://www.econbiz.de/10012463216
This paper presents new research and analysis to develop a methodology for improving the measurement of the upper tail …
Persistent link: https://www.econbiz.de/10012481436
measurement issues are discussed. Most important are 1) the appropriate level of aggregation across households of different age …
Persistent link: https://www.econbiz.de/10012476439
Current global inequality measures assume that national-mean income does not matter to economic welfare at given household income, as measured in surveys. The paper questions that assumption on theoretical and empirical grounds and finds that prominent stylized facts about global inequality are...
Persistent link: https://www.econbiz.de/10012453536
and wealth shares series over the century for a number of countries using tax statistics. Most countries experience a dramatic drop in top income shares in the first part of the century due to a precipitous drop in large wealth holdings during the wars and depression shocks. Top income shares do...
Persistent link: https://www.econbiz.de/10012466716
Motivated by the recent rise of populism in western democracies, we develop a model in which a populist backlash emerges endogenously in a growing economy. In the model, voters dislike inequality, especially the high consumption of "elites." Economic growth exacerbates inequality due to...
Persistent link: https://www.econbiz.de/10012480555
We analyze how changes in the allocation of students to colleges would affect segregation by parental income across colleges and intergenerational mobility in the United States. We do so by linking data from tax records on parents' incomes and students' earnings outcomes for each college to data...
Persistent link: https://www.econbiz.de/10012479272
This article reviews the recent literature on the dynamics of global wealth inequality. I first reconcile available estimates of wealth inequality in the United States. Both surveys and tax data show that wealth inequality has increased dramatically since the 1980s, with a top 1% wealth share...
Persistent link: https://www.econbiz.de/10012479418
This paper attempts to estimate the size and distribution of tax evasion in rich countries. We combine random audits--the key source used to study tax evasion so far--with new micro-data leaked from large offshore financial institutions--HSBC Switzerland ("Swiss leaks") and Mossack Fonseca...
Persistent link: https://www.econbiz.de/10012453939
We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model - as well as heterogeneous agent models more generally - then boils down to a system of partial differential equations, a fact we take advantage of to make two types of...
Persistent link: https://www.econbiz.de/10012453979