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„h Australia¡¦s surge in productivity growth in the 1990s fuelled an acceleration in growth in total income and average … income (income per person in Australia). ¡V Annual average income growth accelerated from 1.4 per cent in the 1970s and 1980s … income growth of the 1990s was distributed evenly between labour (wages and salaries) and capital (profits). The labour and …
Persistent link: https://www.econbiz.de/10005556030
Creativeness has been a hot topic of human intelligence system underlying innovations, discoveries, and many novelties brought to the enrichment of human civilization. Unfortunately, present cognitive theories relatively separated from speculative philosophical debates only to show the very...
Persistent link: https://www.econbiz.de/10005561520
Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to …
Persistent link: https://www.econbiz.de/10005561778
Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to …
Persistent link: https://www.econbiz.de/10005125687
live on only investment income, while if an impatient individual lives long enough, he will deplete all his wealth and live … the return on capital, and general increases in wealth, income, and utility. Possibilities for engineering such an … endogenous. The distribution of income is then endogenously determined by both technological parameters of production, and the …
Persistent link: https://www.econbiz.de/10005412825
influenced indirectly, through parental investments in education and earnings capacity, whereas the wealth holdings of families …
Persistent link: https://www.econbiz.de/10005076518
median and average wealth fell among families whose major income recipient is aged 25–34 and increased among those whose … reduce wealth inequality; 6) changes in permanent income do not explain a substantial portion of the growing gap between low-wealth … evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has …
Persistent link: https://www.econbiz.de/10005077085
increases in income. This amounts to a rejection of the hypothesis that current income is the only argument in the utility … function. One possible answer is that human development involves more than current income (e.g., as argued by the UN). We find … absolute income, the generosity of the welfare state and (weakly) with life expectancy; it is negatively correlated with the …
Persistent link: https://www.econbiz.de/10005561269
Household micro-datasets often do not contain information on gross incomes. We present an algorithm which exploits the … tax- and contribution rules built into tax-benefit models to convert net income information into gross amounts. Using … is the ability to distinguish between different individuals in the same household. Even if individuals’ incomes are taxed …
Persistent link: https://www.econbiz.de/10005561509
Empirical studies of intertemporal dynamics of individual income, distribution of personal income, and growth and … distribution of national income are all based on statistics that rely on some concept of income. The dominant one today appears to … be the so-called Haig-Simons-Hicks (HSH) concept of income. I examine the foundations of this concept in Hicks's Value …
Persistent link: https://www.econbiz.de/10005135036