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evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … reduce wealth inequality; 6) changes in permanent income do not explain a substantial portion of the growing gap between low-wealth …
Persistent link: https://www.econbiz.de/10005077085
. Moreover, our calculations suggest that US inequality is above its optimal level. …
Persistent link: https://www.econbiz.de/10005412681
inequality, both within and across countries. We find that the welfare costs of inequality are significantly larger than the …-capita consumption, the costs of within-country and cross-country inequality are equivalent to a permanent reduction in per … positive rate of 2.1%) in exchange for the elimination of all within-country inequality. The gains of economic growth are …
Persistent link: https://www.econbiz.de/10005561141
in explaining such economic outcomes as inequality can lead to misinterpretations. Income should be adjusted for costs of … economic outcomes in China. In this article, we construct a set of (rural, urban, total) provincial- level spatial price … provide illustrations of the significant effect of ignoring spatial price differences in the analysis of China’s economy. …
Persistent link: https://www.econbiz.de/10005413246
. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have … aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by …, implying that increases in income inequality may be unambiguously associated with temporary increases in a country’s growth …
Persistent link: https://www.econbiz.de/10005555988
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
This paper consists of an introductory survey of two fundamental questions regarding the link between entrepreneurship … and economic growth. The first one deals with the endogenous relationship between entrepreneurship and growth. In … particular, we suggest that, while more entrepreneurship could mean more economic growth, economic growth in turn could affect …
Persistent link: https://www.econbiz.de/10005118761
. Our theory predicts that we would witness more killings along the succession lines in countries where a ‘circle of … century Latin America. Our analysis of historical material demonstrates that long succession lines indeed exhibit patterns …
Persistent link: https://www.econbiz.de/10005550917
The purpose of this paper is to survey the theoretical literature on wealth transfer taxation. The focus is normative …
Persistent link: https://www.econbiz.de/10005076621
The purpose of this paper is to survey the theoretical literature on wealth transfer taxation. The focus is normative …
Persistent link: https://www.econbiz.de/10005556915