Showing 1 - 10 of 325
what extent is existing income inequality due to circumstances, as opposed to 'effort'? Our results suggest that several … circumstances, importantly both parental income and own IQ, are important for long-run income inequality, but that variations in … individual effort account for the most part of that inequality …
Persistent link: https://www.econbiz.de/10013130461
Public debates about the rise in top income shares often focus on the growing dispersion in earnings and the soaring pay for top executives and financial-sector employees. But can the change in the marginal distribution of earnings on its own explain the rise in top income shares? Are top...
Persistent link: https://www.econbiz.de/10012918237
-to-date picture of inequality and poverty by subgroup in South Korea which helps targeting particularly vulnerable groups. Overall …, while inequality in disposable income is found to be often substantial, strong savings preferences of richer households lead … to relatively low consumption inequality. Households headed by elderly, uneducated, divorced or widowed, females and …
Persistent link: https://www.econbiz.de/10013061940
over the period 2005/2006 to 2010/11. While income inequality considerably increased in the years before 2005/2006, this … of inequality in wage incomes after 2005/2006. Our results suggest that, despite further increases in wage inequality …, inequality in equivalized net incomes did not increase further after 2005/2006 because increased within-year employment …
Persistent link: https://www.econbiz.de/10012966056
squares procedure. We find that although inequality displays a decreasing trend over the earlier part of the period examined …
Persistent link: https://www.econbiz.de/10014053540
We examine the causes for rising income inequality in Europe's most populous economy. From 2000 to 2006, Germany … experienced an unprecedented rise in net equivalized income inequality and poverty. At the same time, unemployment rose to record …. Other factors that possibly contributed to the rise in income inequality were changes in the tax system, changes in the …
Persistent link: https://www.econbiz.de/10013139967
While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. On the other hand, in societies where …
Persistent link: https://www.econbiz.de/10011397917
We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...
Persistent link: https://www.econbiz.de/10011343080
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …
Persistent link: https://www.econbiz.de/10010227190
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...
Persistent link: https://www.econbiz.de/10010199422