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This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that the percentage of …
Persistent link: https://www.econbiz.de/10011122566
policies are able to effectively reduce income inequality. We contribute to this research question by using different country …-level data sources to study inequality trends in OECD countries since 1980. We first investigate the development of inequality … over time before analyzing the question of whether governments can effectively reduce inequality. Different identification …
Persistent link: https://www.econbiz.de/10010957747
distribution. Individual wage mobility decreased between 1984/1987 and 2004/2007, while inequality increased steadily from the mid …
Persistent link: https://www.econbiz.de/10008533544
Owners of private companies are often highly underdiversified which exposes them to idiosyncratic risk. We investigate the consequences of underdiversification at the company level. Information on US companies and their owners is obtained from the Survey of Consumer Finances and the Survey of...
Persistent link: https://www.econbiz.de/10005098148
Studies on the underlying mechanisms of social mobility commonly find that half of the intergenerational earnings persistence remains unexplained. Focusing on the phenomenon of overqualification, this study examines a transmission channel that might operate beyond the mechanisms previously...
Persistent link: https://www.econbiz.de/10011139790
literature, we find a noticeable increase of wage inequality between 1999 and 2006. The decomposition results show that the … changes in personal characteristics explain some of the increase in wage inequality whereas the changes in task assignments … strongly work towards reducing wage inequality. The coefficient effect for personal characteristics works towards an increase …
Persistent link: https://www.econbiz.de/10005098039
Human capital contracts give private investors the right to share of students' future earnings in return for a financial contribution during their studies. Although still rarely used, human capital contracts could not only help to completement limited public funding for higher education but...
Persistent link: https://www.econbiz.de/10010957606
Does the information provided by mass media have the power to persistently affect individual beliefs about the drivers … individual beliefs and attitudes in the late 1980s, longitudinal data from the German Socio-Economic Panel is used to test the … persistence of the television effect on individual beliefs during the 1990s. The empirical findings indicate that Western …
Persistent link: https://www.econbiz.de/10010957728
The process of globalization has an important impact on national tax policies. Most of the literature on taxation of capital in open economies does not focus directly on the political decision making process and assumes that the desired tax policy is responding to objective underlying tradeoffs....
Persistent link: https://www.econbiz.de/10005098328
This study analyses whether the Swedish school choice reform, enacted in 1992, had different effects on students from different socio-economic backgrounds. We use detailed geographical data on students' and schools' locations to construct measures of the degree of potential choice. This allows...
Persistent link: https://www.econbiz.de/10010985641