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cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …
Persistent link: https://www.econbiz.de/10008509469
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 …
Persistent link: https://www.econbiz.de/10011083398
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 …This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and …
Persistent link: https://www.econbiz.de/10011083954
This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks in general, on an 11-point...
Persistent link: https://www.econbiz.de/10005123605
affect responses to questions about income and consumption adequacy. Results show that isolation significantly reduce … subjective assessments of income and consumption adequacy, even after controlling for consumption expenditures and other factors …
Persistent link: https://www.econbiz.de/10005123751
eroded, and the gender happiness gap has disappeared entirely. Paralleling changes in the income distribution, differences in … unwound. Juxtaposing these changes with large rises in income inequality suggests an important role for non-pecuniary factors …
Persistent link: https://www.econbiz.de/10005136431
By many objective measures the lives of women in the United States have improved over the past 35 years, yet we show that measures of subjective well-being indicate that women’s happiness has declined both absolutely and relative to men. The paradox of women’s declining relative well-being...
Persistent link: https://www.econbiz.de/10005036241
higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …We explore the relationships between subjective well-being and income, as seen across individuals within a given … most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10008684672
Financial well-being is distinct from income. Some people with high incomes suffer low financial well-being, as their … aspirations. We find that people whose aspirations exceed their income are less risk-averse and less loss-averse than people whose …
Persistent link: https://www.econbiz.de/10011083480
their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …
Persistent link: https://www.econbiz.de/10011083711