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This article reviews the recent literature on the dynamics of global wealth inequality. I first reconcile available …
Persistent link: https://www.econbiz.de/10012479418
We study trends in income inequality across U.S. states and counties 1960-2019 using a mix of administrative and survey data sources. Both states and counties have diverged in terms of per-capita pre-tax incomes since the late 1990s, with transfers serving to dampen this divergence. County...
Persistent link: https://www.econbiz.de/10012482603
This paper provides an introduction to the special issue of the Review of Economic Dynamics on "Cross Sectional Facts …
Persistent link: https://www.econbiz.de/10012463095
Most analysts of the modern Latin American economy hold to a pessimistic belief in historical persistence -- they believe that Latin America has always had very high levels of inequality, suggesting it will be hard for modern social policy to create a more egalitarian society. This paper argues...
Persistent link: https://www.econbiz.de/10012463345
In this paper we first document inequality trends in wages, hours worked, earnings, consumption, and wealth for Germany from the last twenty years. We generally find that inequality was relatively stable in West Germany until the German unification (which happened politically in 1990 and in our...
Persistent link: https://www.econbiz.de/10012463591
Most analysts of the modern Latin American economy hold to a pessimistic belief in historical persistence -- they believe that Latin America has always had very high levels of inequality, suggesting it will be hard for modern social policy to create a more egalitarian society. This paper argues...
Persistent link: https://www.econbiz.de/10012463881
Life is replete with instances where two closely related parties forego mutually advantageous opportunities: peace treaties are not signed, inefficient regulations are not altered, and possibilities for investment are frittered away. Since the parties are in close contact, asymmetric information...
Persistent link: https://www.econbiz.de/10012473471
matters for the dynamics of macroeconomic aggregates. We present two applications that analyze a two-asset incomplete markets … our model is consistent with two key features of aggregate consumption dynamics that are difficult to match with … factor-specific productivity shocks shape dynamics of income and consumption inequality …
Persistent link: https://www.econbiz.de/10012455187
-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in China over the …
Persistent link: https://www.econbiz.de/10012455313
This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID …. Long-run wealth inequality dynamics appear to be highly unstable. We stress the need for more democratic transparency on … income and wealth dynamics and better access to administrative and financial data …
Persistent link: https://www.econbiz.de/10012455562