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median wealth plummeted by 44 percent over years 2007 to 2010, almost double the drop in housing prices. The inequality of … indebtedness. The sharp fall in median net worth and the rise in overall wealth inequality over these years are traceable primarily … proximate cause was the high dissavings of the middle class, though their debt continued to fall. Wealth inequality and the …
Persistent link: https://www.econbiz.de/10012457933
Persistent link: https://www.econbiz.de/10003681819
in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0 … Consumer Finances. Contrary to expectations, the paper finds that these two monetary effects have reduced wealth inequality … range from a weak negative effect on inequality to neutral, small positive, and strong positive. In terms of methodology …
Persistent link: https://www.econbiz.de/10012660070
We examine the effect of the Great Recession of 2007-2009 on the mental health of older adults, using longitudinal Health and Retirement Study data linked to area-level data on house prices. We use a variety of measures to capture mental health and rely on the very large cross-sectional...
Persistent link: https://www.econbiz.de/10013172117
inequality and dynamics. Here we analyse the two concepts in a comparative perspective for the same individuals in Italy and the …
Persistent link: https://www.econbiz.de/10012480471
tax. The Swiss tax would have a very small effect on income inequality, lowering the post-tax Gini coefficient by 0 ….004 Gini points. The effect of the Swiss tax and Warren tax on wealth inequality is miniscule, lowering the Gini coefficient by …
Persistent link: https://www.econbiz.de/10012480488
Estimating medical care productivity is a central economic challenge. This paper develops a satellite account for the US health sector that appropriately measures health care productivity and applies that to the elderly population between 1999 and 2012. The central output of the satellite...
Persistent link: https://www.econbiz.de/10012481152
A substantial literature has studied the influence of malpractice pressure on physician behavior. However, these studies generally focus on malpractice pressure stemming from state laws that govern liability exposure, which may be unknown or not salient to physicians. We test how physicians...
Persistent link: https://www.econbiz.de/10012482548
wealth more than fully recovered. There was a modest remission in wealth inequality, with the share of the top one percent …
Persistent link: https://www.econbiz.de/10012482601
Recent literature on the relationship between ethnic or racial segregation and outcomes has failed to produce a consensus view of the role of ghettos; some studies suggest that residence in an enclave is beneficial, some reach the opposite conclusion, and still others imply that any relationship...
Persistent link: https://www.econbiz.de/10012465572