How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970 … able to extend our analysis as far back as 1700. We find in every country a gradual rise of wealth-income ratios in recent … growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth-income …

inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …-of-tax rate of return on wealth and g is the economy's growth rate. This suggests that current trends toward rising wealth-income …

account (covering education and training), and a health account (covering insurance against sickness and disability). Unlike …’s welfare accounts. The government could redistribute income across people’s welfare accounts, but these redistributions would …, cushioning people against economic risk, ensuring efficient provision of health and education services, providing social safety …

Two decades ago, 93% of the world’s poor lived in countries officially classified as Low Income (LICs). Now, 72% of the … world’s poor live in Middle Income Countries (MICs). The dramatic shift has been brought about by fast growth in a number of … global poor for many years to come. This “new geography of global poverty”—with the mass of the poor living in stable, non …

estimates of the impact of adjustment on poverty using household income and expenditure surveys currently available in LDCs. It … poverty. This framework does require, however, reasonably disaggregated data on income distribution. … proposes the use of decomposable poverty indices as a tractable vehicle for calculating the impact of adjustment on overall …