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Inequality and Aggregate Savings in the Neoclassical Growth Model

Foellmi, Reto - C.E.P.R. Discussion Papers - 2009

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality …

Persistent link: https://www.econbiz.de/10008491724

From Stagnation to Growth: Unified Growth Theory

Galor, Oded - C.E.P.R. Discussion Papers - 2004

growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per … transition from stagnation to growth and the associated phenomenon of the great divergence in income per capita across countries … has been widely viewed as one of the most significant challenges facing researchers in the field of growth and development …

Persistent link: https://www.econbiz.de/10005497992

Do Rising Top Incomes Lift All Boats?

Andrews, Dan; Jencks, Christopher; Leigh, Andrew - Research School of Economics, College of Business and … - 2010

Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a … top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the … inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years …

Persistent link: https://www.econbiz.de/10008485494

Optimal Tax Progressivity: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2014

What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax system can counteract inequality in initial conditions and substitute for imperfect private insurance against idiosyncratic earnings risk. At the same time, progressivity reduces...

Persistent link: https://www.econbiz.de/10011084652

Income Distribution and Housing Prices: An Assignment Model Approach

Määttänen, Niku; Terviö, Marko - C.E.P.R. Discussion Papers - 2010

caused average house prices to be lower. The impact of uneven income growth on house prices has been positive only within the …

Persistent link: https://www.econbiz.de/10008466339

Flat Tax Reforms in the US: A Boon for the Income Poor

Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2006

In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...

Persistent link: https://www.econbiz.de/10005662104

How Closely Do Top Income Shares Track Other Measures of Inequality?

Leigh, Andrew - Research School of Economics, College of Business and … - 2007

In recent years, researchers have used taxation statistics to estimate the share of total income held by the richest groups, such as the top 10% or the top 1%. Compiling a standardised top income shares dataset for thirteen developed countries, I find that there is a strong and significant...

Persistent link: https://www.econbiz.de/10004967999

Permanent Income Inequality: Australia, Britain, Germany, and the United States Compared

Leigh, Andrew - Research School of Economics, College of Business and … - 2009

A common critique of most measures of income inequality, which are based on a single year's income, is that they fail to take account of income mobility. If income fluctuations are large, and individuals can smooth consumption, then high inequality and high mobility may be no worse than low...

Persistent link: https://www.econbiz.de/10008511760

Deriving Long-Run Inequality Series from Tax Data

Leigh, Andrew - Research School of Economics, College of Business and … - 2004

Prior to the last three decades, regular surveys on household income were rare or non-existent in many developed countries, making it difficult for economists to develop long-run series on income distribution. Using taxation statistics, which tend to be available over a longer time span, I...

Persistent link: https://www.econbiz.de/10004977278

From Bottom to Top: The Entire Distribution of Market Income in Germany, 1992-2001

Bach, Stefan; Corneo, Giacomo; Steiner, Viktor - C.E.P.R. Discussion Papers - 2007

substantial drop of median income and a remarkable income growth at the top 0.1% of the income distribution. The increase of …

Persistent link: https://www.econbiz.de/10005124248