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industrialization on the top percentile's wealth share and the inequality among top fortunes. We show that this relationship between … industrialization, wealth concentration, and tail fattening is consistent with both cross-country data on national wealth distributions …
Persistent link: https://www.econbiz.de/10014487319
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The aim of this paper is to assess whether the impacts of real exchange rate undervaluation and domestic technological capabilities on growth are stable across development levels. On the one hand, a real exchange undervaluation measure is constructed based on the purchasing-power-parity theory...
Persistent link: https://www.econbiz.de/10011536945
This paper shows that 19th-century industrialization is an important determinant of the significant changes in Germany …, economic ascent in the South. Exploiting plausibly exogenous variation in access to coal, we show that early industrialization … industrialization explains most of the decline in regional inequality observed in the 1960s and 1970s and about half of the current …
Persistent link: https://www.econbiz.de/10013281419
Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10011440820
Poverty trap models are dynamical systems with more than one attractor. Similar dynamical systems arise in optimal growth and macroeconomic models. These systems are often studied empirically by ad hoc methods relying on intuition from deterministic systems, such as looking for multiple peaks in...
Persistent link: https://www.econbiz.de/10012179189
This paper uses SOEP data to study the distributional effect of intergenerational transfers on the wealth distribution of German households. Similar to most other central European countries, Germany is likely to face a period of increasing aggregate bequest flows. At the same time, there is an...
Persistent link: https://www.econbiz.de/10011915902
This paper provides the first in-depth investigation into the evolution of the wealth gap between CCP and non-CCP households in urban China from 1995 to 2017. We apply unconditional quantile regression (UQR) to analyze the variations in the premiums of party membership across the wealth...
Persistent link: https://www.econbiz.de/10014471768
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Persistent link: https://www.econbiz.de/10014391231