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in the population. However, if the correlation between preferences and wealth is clear when measured at the household … characteristics. These conclusions are decisive in explaining wealth inequalities between households, since homogamy causes a divide …
Persistent link: https://www.econbiz.de/10010738872
, wealth accumulation via the dynamics of housing prices and the human capital acquisition process of the next generation. The …
Persistent link: https://www.econbiz.de/10010899866
We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model … determining inequality, as tax changes that affect hours of work will affect the distribution of wealth and income, reinforcing or …
Persistent link: https://www.econbiz.de/10008794135
-Levy-Solomon microscopic model using the methods of kinetic theory and consists of a linear Boltzmann equation for the wealth distribution of …
Persistent link: https://www.econbiz.de/10008794299
analysis links highly detailed individual level fertility life histories to wealth at death data for four rural villages in …
Persistent link: https://www.econbiz.de/10010738834
There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation … cases; by contrast, lifetime wealth or capital taxation generates much higher revenues and shows no decreasing trend. The … full tax puzzle is certainly not easy to explain. Many usual explanations of the aversion to wealth transfer taxation also …
Persistent link: https://www.econbiz.de/10010738837
1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully … wealth accumulation well above 100%. Our findings illustrate the fact that when the growth rate g is small, and when the rate … of return to private wealth r is permanently and substantially larger than the growth rate (say, r=4%-5% vs. g=1 …
Persistent link: https://www.econbiz.de/10010738844
in explaining households' wealth behaviors, and to construct more accurate tests of the theories of savings and portfolio … composition of wealth are similar across surveys, in line with theoretical predictions, and more significant than those obtained …
Persistent link: https://www.econbiz.de/10010738899
.25, so that the two preferences are nonetheless far from identical. In addition, the elasticity of children's wealth with … respect to that of their parents is around 0.22. This correlation is corrected for the influence of age on wealth, and … intergenerational transmission of wealth inequalities, but is far from being the most important factor. …
Persistent link: https://www.econbiz.de/10010739024
For a sub-sample of French households of an Insee wealth survey, we obtain new and relative measures of 5 individual … altruism are found no to affect wealth but, contrarily to recent results of behavioural analysis, the three other parameters … have significant effects on wealth (financial, gross or net), which are consistent with theoretical predictions : wealth …
Persistent link: https://www.econbiz.de/10010739045