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inequality, and the racial wealth gap. The results show that inflation boosted the real income of the middle wealth quintile by a … income. Inflation also boosted mean and especially median real wealth growth, reduced wealth inequality, and lowered the …
Persistent link: https://www.econbiz.de/10014421200
and inequality effects. I show theoretically that even when AI improves the productivity of low-skill workers in certain … tasks (without creating new tasks for them), this may increase rather than reduce inequality. Empirically, I find that AI … advances are unlikely to increase inequality as much as previous automation technologies because their impact is more equally …
Persistent link: https://www.econbiz.de/10014544765
Using the Survey of Consumer Finances, I find that the Black/white gap in standard net worth widened from 1989 to 2019 but narrowed between Hispanics and (non-Hispanic) whites. When the definition of wealth is expanded to incorporate Social Security and defined benefit pension wealth (both the...
Persistent link: https://www.econbiz.de/10014250217
Recent work on wealth inequality based on the capitalization method wherein aggregate wealth totals are distributed in …
Persistent link: https://www.econbiz.de/10013435105
We examine how the racial wealth gap interacts with financial aid in American higher education to generate a disparate impact on college access and outcomes. Retirement savings and home equity are excluded from the formula used to estimate the amount a family can afford to pay. All else equal,...
Persistent link: https://www.econbiz.de/10013388846
share of Smith et al. (2022) is close to the one found in Saez and Zucman (2020) and estimates of US wealth inequality are …
Persistent link: https://www.econbiz.de/10013362050
"Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies … inequality for 14 ancient, pre-industrial societies using what are known as social tables, stretching from the Roman Empire 14 AD … applies two new concepts in making those assessments -- what we call the inequality possibility frontier and the inequality …
Persistent link: https://www.econbiz.de/10010521497
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