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Uncertain Longevity and Investment in Education

Sheshinski, Eytan - 2009

It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak. Building on a lifecycle model with uncertain longevity,...

Persistent link: https://www.econbiz.de/10013156047

Why Do Wealthy Parents Have Wealthy Children?

Fagereng, Andreas - 2018

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …

Persistent link: https://www.econbiz.de/10012919007

Does Homeownership Promote Wealth Accumulation?

Kaas, Leo - 2016

wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … reductions in the net holdings of financial and other real wealth of the treated households …

Persistent link: https://www.econbiz.de/10012996689

Inequality, Public Wealth, and the Federal Shareholder

Corneo, Giacomo - 2016

Current trends in the distribution of wealth trigger a social divide and threaten democracy. I propose to counter this … requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an …

Persistent link: https://www.econbiz.de/10012992603

An Allegory of the Political Influence of the Top 1%

De Donder, Philippe; Roemer, John E. - 2021

We study how rich shareholders can use their economic power to deregulate firms that they own, thus skewing the income distribution towards themselves. Agents differ in productivity and choose how much labor to supply. High productivity agents also own shares in the productive sector and thus...

Persistent link: https://www.econbiz.de/10013315687

The Weight of Inequality : Variation with Industrialization and Wealth

Carson, Scott Alan - 2015

, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality …

Persistent link: https://www.econbiz.de/10013009843

The Lifecycle of the 47%

Fullerton, Don - 2016

We assess the concentration and duration of zero tax liabilities and of transfer receipts, using data for households with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly concentrated. Nearly 68% owe no federal tax in at least one...

Persistent link: https://www.econbiz.de/10012981348

Historical Analysis of National Subjective Wellbeing Using Millions of Digitized Books

Hills, Thomas - 2017

measures where available. The relationship with life expectancy is significant and positive. Infant mortality correlates …

Persistent link: https://www.econbiz.de/10012969029

Global Demographic Change and Climate Policies

Gerlagh, Reyer - 2017

Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate dropped from 5 to about 2.5. We develop and calibrate an analytic climate-economy model with overlapping generations to study the effect of such demographic change on capital...

Persistent link: https://www.econbiz.de/10012947882

Should Immigrants Culturally Assimilate or Preserve Their Own Culture? Individual Beliefs and the Longevity of National Identity

Grajzl, Peter - 2017

We develop and empirically test a theory concerning individual beliefs about whether immigrants should culturally assimilate into the host society or preserve their own cultural norms. We argue that when national identity is a source of intrinsic utility, the longevity of national identity...

Persistent link: https://www.econbiz.de/10012954570