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The anatomy of the global saving glut
Bauluz, Luis; Novokmet, Filip; Schularick, Moritz - 2022
This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from … the richest 10% of household increased by 60% while saving of middle-class households has fallen sharply. The most …
Persistent link: https://www.econbiz.de/10013187481
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Income and wealth inequality in America, 1949-2013
Kuhn, Moritz; Schularick, Moritz; Steins, Ulrike I. - 2017
This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth …
Persistent link: https://www.econbiz.de/10011717045
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Pandemic-induced wealth and health inequality and risk exposure
Angelopulos, Kōnstantinos; Lazarakis, Spyridon; Mancy, … - 2021
The main waves of a pandemic and subsequent disease outbreaks in the following years influence the evolution of the distributions of health and wealth, leading to differences in the ability to mitigate future income shocks. We study consumption smoothing and precautionary behaviour associated...
Persistent link: https://www.econbiz.de/10012697960
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When inequality matters for macro and macro matters for inequality
Ahn, SeHyoun; Kaplan, Greg; Moll, Benjamin; Winberry, Thomas - 2017
We develop an efficient and easy-to-use computational method for solving a wide class of general equilibrium heterogeneous agent models with aggregate shocks, together with an open source suite of codes that implement our algorithms in an easy-to-use toolbox. Our method extends standard...
Persistent link: https://www.econbiz.de/10011688451
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The college wealth divide : education and inequality in America, 1956-2016
Bartscher, Alina K.; Kuhn, Moritz; Schularick, Moritz - 2019
Using new long-run microdata, this paper studies wealth and income trends of college and noncollege 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/10012031017
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Salience of inherited wealth and the support for inheritance taxation
Bastani, Spencer; Waldenström, Daniel - 2019
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in society. Using a randomized experiment in a register-linked Swedish survey, we find that informing individuals about the large aggregate importance of inherited wealth and its link...
Persistent link: https://www.econbiz.de/10011966731
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The economics of inequality and the environment
Drupp, Moritz A.; Kornek, Ulrike; Meya, Jasper; Sager, Lutz - 2024
across households, second, how environmental benefits vary with household income, third, how income inequality and …
Persistent link: https://www.econbiz.de/10014507779
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Heterogeneous bequests and social inequalities
Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023
We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of steady-state equilibrium. We show that aggregate income is...
Persistent link: https://www.econbiz.de/10014384038
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Specific egalitarianism? : inequality aversion across domains
Costa-Font, Joan; Cowell, Frank A. - 2024
An individual’s inequality aversion (IA) is a central preference parameter that captures the welfare sacrifice from exposure to inequality. However, it is far from trivial how to best elicit IA estimates. Also, little is known about the behavioural determinants of IA and how they differ across...
Persistent link: https://www.econbiz.de/10014637432
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Wealth inequality and homeownership in Europe
Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2015
The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality …
Persistent link: https://www.econbiz.de/10011334237