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countries. Information is available on overall moves (1981–95) and asylum migration (1984–95). The estimation results confirm … international migration from developing to developed countries. In addition, we look at the relationship between trade, development … and migration. Empirical studies focusing on international migration from Less Developed Countries (LDCs) are, so far …
Persistent link: https://www.econbiz.de/10005792254
This paper divides the population into two groups: the "inheritors" or "rentiers" (whose wealth is smaller than the … capitalized value of their inherited wealth, i.e. who consumed more than their labor income during their lifetime); and the … "savers" or "self-made men" (whose wealth is larger than the capitalized value of their inherited wealth, i.e. who consumed …
Persistent link: https://www.econbiz.de/10009643507
-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We …
Persistent link: https://www.econbiz.de/10005662104
Capital market theory predicts that the wealth distribution of an economy affects real interest rates. This paper … empirically analyzes this relationship for the US, the UK and Sweden. We obtain that measures of wealth inequality are positively …
Persistent link: https://www.econbiz.de/10005791439
We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in …
Persistent link: https://www.econbiz.de/10008468610
In most industrialized economies, financial wealth is distributed far more unequally than income. According to Wolff …. However, when wealth is distributed too unequally, capacity cannot match consumer needs. I present some first experimental …
Persistent link: https://www.econbiz.de/10005124084
We study the link between culturally inherited household structure and wealth distribution in international comparisons … distribution. Imposing the Spanish household structure to the US wealth distribution has little effect on summary measures of … between these wealth distribution differences and wealth composition. Finally, we present results for the within …
Persistent link: https://www.econbiz.de/10005136407
Capital market theory predicts that the wealth distribution should affect interest rates. This Paper empirically … analyses the relationship between the wealth distribution and interest rates in the US. We use data on wealth inequality from … various sources. Measures of wealth inequality are linked positively to the real commercial paper rate and to the real rate on …
Persistent link: https://www.econbiz.de/10005661722
wealth elasticities of demand for a range of assets and liabilities. We test the frequently made assumption of constant …
Persistent link: https://www.econbiz.de/10005666903
wealth should do better than those with less wealth. We investigate this hypothesis using a unique datset from Norway …. Consistent with liquidity constraints being present, we find a strong positive relationship between founder prior wealth and … start-up size. The relationship between prior wealth and start-up performance, as measured by profitability on assets …
Persistent link: https://www.econbiz.de/10005791690