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extreme wealth inequality in society. … inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total … well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows …
Persistent link: https://www.econbiz.de/10012815788
among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …-ative inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized …
Persistent link: https://www.econbiz.de/10014564314
large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …
Persistent link: https://www.econbiz.de/10012138808
offset furlough-induced income reductions. This creates wealth inequality but lowers the probability a furloughed worker …
Persistent link: https://www.econbiz.de/10012619269
Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top …
Persistent link: https://www.econbiz.de/10012197559
a two-agent overlapping-generations model, we find that recent trends in income inequality and financial liberalization … those reducing the structural sources of high inequality. …
Persistent link: https://www.econbiz.de/10012199991
A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … job loss and those who do not reveals generally increasing entry rates through the wealth distribution for both groups … entrepreneurship and a different measure of wealth - net housing equity - for the two groups. Second, we examine the liquidity …
Persistent link: https://www.econbiz.de/10009522307
The paper paper estimates long run social mobility in Australia 1870-2017 tracking the status of rare surnames. The status information includes occupations from electoral rolls, and records of degrees awarded by Melbourne and Sydney universities. Status persistence was strong throughout, with an...
Persistent link: https://www.econbiz.de/10011721622
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/10013411980
Do firms that pay more offer better amenities, or does the greater pay compensate for worse amenities? Using matched U.S. employee-employer data, this paper estimates the joint distribution of wages, amenities, and job satisfaction across firms. Fifty amenities are captured applying topic...
Persistent link: https://www.econbiz.de/10013285617