Showing 1 - 10 of 112
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
, 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
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
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
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
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
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
mortality is a salient feature of the demographic landscape, either permanently or in the form of a long-period wave that … retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate … inequality under nuclear family arrangements. Pooling mortality risks with equal treatment of all children may fend off, or even …
Persistent link: https://www.econbiz.de/10012779950
Economic evaluation of projects involving changes in mortality risk conventionally assumes that lives are statistical … mortality risks and policy-induced changes in risk often differ among individuals although these differences are imperfectly … wealth. We show that BCA does not systematically favor identified over statistical lives and suggest some political factors …
Persistent link: https://www.econbiz.de/10012753987
Voigtländer and Voth argue that the Black Death shifted England towards pastoral agriculture, increasing wages for unmarried women, thereby delaying female marriage, lowering fertility, and unleashing economic growth. We show that this argument does not hold. Its crucial assumption is...
Persistent link: https://www.econbiz.de/10012916356