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inequality. We show that the correlation between mobility and inequality depends on which factor caused the change in inequality …. The model can thus help discriminate between different competing explanations of the recent rise in US wage inequality … correlation between wage inequality and mobility. Public subsidies to education reduce inequality, but the effect on mobility is …
Persistent link: https://www.econbiz.de/10005136647
This paper investigates some major changes in the wealth distribution in China using the data from two national … household surveys conducted in 1995 and 2002. The surveys collected rich information on household wealth and its components …, enabling a detailed analysis of changes in wealth distribution among Chinese households. Our analysis indicates that the wealth …
Persistent link: https://www.econbiz.de/10005031858
used to establish patterns of wealth inequality within countries. Imputations are again performed for countries lacking … cent. Between-country differences in wealth are two-thirds of global inequality according to the Gini coefficient …We provide the first estimate of the level and distribution of global household wealth. Mean assets and debts within …
Persistent link: https://www.econbiz.de/10005031875
The aim of this paper is to examine the concentration of wealth among the group of top wealth holders, defined as those … with wealth in excess of a high cut off. The paper begins by considering the definition of this cut off, analogous to the …, wealth tax data, and investment income tax data. It starts off from the world?s billionaires in 2006, but is particularly …
Persistent link: https://www.econbiz.de/10005033136
Do students benefit from compulsory schooling? Researchers using changes in compulsory schooling laws as instruments have typically estimated very high returns to additional schooling that are greater than the corresponding OLS estimates and concluded that the group of individuals who are...
Persistent link: https://www.econbiz.de/10005791839
We examine a "Rotten Kid" model (Becker 1974) where a player with social preferences interacts with an egoistic player. We assume that social preferences are intention-based rather than outcome-based. In a very general multi-stage setting we show that any equilibrium must involve mutually unkind...
Persistent link: https://www.econbiz.de/10008468559
use real wages. To understand the implications of this finding for changes in well-being inequality I use a simple general … increase in well-being inequality even if the increase in real wage inequality is limited. Alternatively, it is possible that … that the increase in well-being inequality between 1980 and 2000 is smaller than the increase in nominal wage inequality. …
Persistent link: https://www.econbiz.de/10005136498
. In the short run, cloning reduces inequality. In the long run, it creates a perfectly egalitarian society where all … necessarily eliminate inequality; nor does it disappear in the long run. Finally, if fertility is negatively correlated with …
Persistent link: https://www.econbiz.de/10005792154
Household Income and Wealth, which has data on real estate transfers and information on potential donors as well as recipients …. Our sample includes data on 34,885 owners of real estate wealth and 120,686 potential donors. Differences …-in-differences estimates indicate that the abolition of estate taxes has increased the propensity to transfer real estate wealth by about 2 …
Persistent link: https://www.econbiz.de/10008530348
The intergenerational elasticity of income is considered one of the best measures of the degree to which a society gives equal opportunity to its members. While much research has been devoted to measuring this reduced-form parameter, less is known about its underlying structural determinants....
Persistent link: https://www.econbiz.de/10008530361