Showing 1 - 10 of 998
France have flatter wealth gradients. …We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship …
Persistent link: https://www.econbiz.de/10003609770
Cyprus, France, Italy and Slovenia, less than 10% of households are affluent in both income and net wealth. Investigating the … joint distributions of income and net wealth confirms that France demonstrates a more homogenous distribution of richness …This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …
Persistent link: https://www.econbiz.de/10011288530
In this paper, we define a new class of richness measures. In contrast to the often used headcount, these new measures are sensitive to changes in rich persons' income and therefore allow for a more sophisticated analysis of richness. We demonstrate the application of these new measures to...
Persistent link: https://www.econbiz.de/10003771064
associated with between 1 and 2 years of extra longevity. Greater wealth, as measured by the real value of the Prize, does not …
Persistent link: https://www.econbiz.de/10003527566
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …
Persistent link: https://www.econbiz.de/10010211159
Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income …
Persistent link: https://www.econbiz.de/10010212303
We compile data spanning the period 1900-2014 and up to 30 countries to study long-run patterns in the tax elasticity of top incomes. Our results show that top tax elasticities vary tremendously over time; they were medium-to-low before 1950, virtually zero during the postwar era up to 1980 and...
Persistent link: https://www.econbiz.de/10011636669
Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth. Gifts and inheritances … mitigate wealth inequality. …
Persistent link: https://www.econbiz.de/10012805994
Census data from international sources covering 77% of the world's migrant population indicate that the skill …
Persistent link: https://www.econbiz.de/10011428114
France experienced the demographic transition before richer and more educated countries. This paper offers a novel …
Persistent link: https://www.econbiz.de/10011476530