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of inequality across the different dimensions of income, consumption, and wealth. Households at the top of one dimension … are increasingly located at the top of the other two dimensions. The mechanisms for such convergence across dimensions are … the relatively high level of inequality in China may continue since income, consumption and wealth are increasingly …
Persistent link: https://www.econbiz.de/10014454772
This paper reviews the long run developments in the distribution of personal income and wealth. It also discusses … the distribution of income and wealth over time? Are there common trends across countries or over the path of development … historically high almost everywhere at the beginning of the twentieth century. In some countries this situation was preceded by …
Persistent link: https://www.econbiz.de/10010350843
This paper empirically investigates the relationship between corruption and the emigration of those with high, medium … and low levels of educational attainment. The empirical results indicate that as corruption increases the emigration rate … levels of educational attainment, however, increases at initial levels of corruption and then decreases beyond a certain …
Persistent link: https://www.econbiz.de/10010341207
relationship is influenced by the quality of local institutions, as proxied by corruption. We use representative data from a large … groups, and this is an important mechanism explaining our results. In doing so, we highlight the indirect costs of corruption …We examine the effects of randomly introduced economic inequality on voluntary co- operation and whether this …
Persistent link: https://www.econbiz.de/10012305896
asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the … low-wage individuals and may require them to be poorer by all objective measures. We demonstrate that in the presence of …
Persistent link: https://www.econbiz.de/10003755338
Closely following recent innovations in the literature on the multidimensional measurement of poverty, this paper … provides similar measures for the top of the distribution using a dual cutoff method to identify individuals, who can be … considered as rich in a multidimensional setting. We use this framework to analyze the role of wealth, health and education, in …
Persistent link: https://www.econbiz.de/10003944260
multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of … 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 …
Persistent link: https://www.econbiz.de/10011288530
Wealth and Income Database, we find strong long-run links between the aggregate role of capital in the economy and the size … distribution of income. Over time, this dependence varies; it was strong both before the Second World War and in the early interwar …-Saxon and Nordic countries, in the very top of the distribution and when we only consider top capital incomes. Replacing top …
Persistent link: https://www.econbiz.de/10011408188
This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze … parameter between the two variables and study whether accounting for wealth and income jointly reveals a different pattern of … parameter effectively accounts only for a small fraction of cross-country differences in a bivariate measure of inequality. The …
Persistent link: https://www.econbiz.de/10011295514
between a set of inputs and a set of outputs, can be employed to approximate a composite measure encompassing the many … dimensions of well-being. It also illustrates how to implement the methodology originally put forth by Lovell et al. (1994 …
Persistent link: https://www.econbiz.de/10003095436