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Your Place in the World - Relative Income and Global Inequality

Fehr, Dietmar; Mollerstrom, Johanna; Perez-Truglia, Ricardo - 2021

find that Germans systematically underestimate their true place in the world’s income distribution, but that correcting …

Persistent link: https://www.econbiz.de/10013231987

Wealth and its Distribution in Germany, 1895-2018

Albers, Thilo N. H.; Bartels, Charlotte; Schularick, Moritz - 2022

German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … aftermath of World War II stand out as the great equalizers in 20th century German history. After unification in 1990, two …

Persistent link: https://www.econbiz.de/10013289690

Indebted Demand

Mian, Atif R. - 2020

We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal...

Persistent link: https://www.econbiz.de/10012836950

The College Wealth Divide : Education and Inequality in America, 1956-2016

Bartscher, Alina K. - 2019

Using new long-run microdata, this paper studies wealth and income trends of college and non-college households in the United States since 1956. We document the emergence of a substantial college wealth premium since the 1980s, which is considerably larger than the college income premium. Over...

Persistent link: https://www.econbiz.de/10012866555

Capital Income Risk and the Dynamics of the Wealth Distribution

Khieu, Hoang - 2019

Labour income follows a deterministic growth trend and fluctuates between two values. Interest rates are drawn initially, fluctuate between two values and can differ in their arrival rates. Low interest rates imply a stationary long-run wealth distribution, high interest rates imply exploding...

Persistent link: https://www.econbiz.de/10012857913

Importing Inequality : Immigration and the Top 1 Percent

Advani, Arun; Koenig, Felix; Pessina, Lorenzo; Summers, … - 2021

In this paper we study the contribution of migrants to the rise in UK top incomes. Using administrative data on the universe of UK taxpayers we show migrants are over-represented at the top of the income distribution, with migrants twice as prevalent in the top 0.1% as anywhere in the bottom...

Persistent link: https://www.econbiz.de/10013315015

Intergenerational Mobility in the Land of Inequality

G.C. Britto, Diogo; Fonseca, Alexandre de Andrade; … - 2022

We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure formal income from tax and employment registries, and we train machine learning models on census and survey data to predict informal income. The data reveal a much higher...

Persistent link: https://www.econbiz.de/10014243166

Spatial Inequality, Geography and Economic Activity

Achten, Sandra - 2019

We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...

Persistent link: https://www.econbiz.de/10012890626

A New Ricardian Model of Trade, Growth and Inequality

Marjit, Sugata - 2021

The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the Ricardian model of comparative advantage, generating a model that replicates important features of the neo-classical production theory involving capital and labour without neo-classical...

Persistent link: https://www.econbiz.de/10013314959

Unilateral Tax Policy in the Open Economy

Kohl, Miriam; Richter, Philipp M. - 2021

This paper examines the effects of a unilateral reform of the redistribution policy in an economy open to international trade. We set up a general equilibrium trade model with heterogeneous agents allowing for country asymmetries. We show that under international trade compared to autarky, a...

Persistent link: https://www.econbiz.de/10013212255

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