Capitalism, implying that a long-lasting and considerable growth slowdown will cause substantial increases in wealth …-income ratios in the long run. Critics have pointed out that the reaction of wealth-income ratios depends on the reaction of savings/investment … a standard way, and we present empirical evidence on the long-run relationship between underlying growth and wealth …

We propose a quantitative theory of wealth creation and distribution during China's transitional growth from the early … wealth, whereas the majority working class, partly due to limited investment available from an underdeveloped financial … sector, uses housing as the main vehicle of wealth accumulation over the course of a long- time housing boom. Our …

Taxation of capital income and wealth redistributes from the rich but may harm the Norwegian economy as business … wealth. A wealth tax without a discount for working capital combined with a tax rate on ordinary income equal to the … investments is distorted. This study shows how to redistribute from the richest without distorting investment decisions of foreign …

Wealth inequality is an important matter for economic theory and policy. Ongoing debates have been discussing recent … rise in wealth inequality in connection with recent development of active financial markets around the world. Existing … literature on wealth distribution connects the origins of wealth inequality with a variety of drivers. Our approach develops a …

utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … not a life-cycle model. A competitive firm produces a single good from labor and capital; the rate of return to capital …

wealth - the difference between firm's wealth (equity and debt) and capital employed. Surplus wealth rose from -$0 …. Using the model we prove that rising monopoly power lowers permanently equilibrium wage rate, investment, capital stock … low level of investment since the 1970's. This monopoly power is legally protected by patent laws, intellectual property …