Showing 1 - 10 of 46
This study uses new data on Swedish national wealth over the last two hundred years to examine whether the patterns in wealth-income ratios found by Piketty and Zucman (2014) extend to small and less developed economies. The findings reveal both similarities and differences. During the...
Persistent link: https://www.econbiz.de/10011586572
In this paper we use newly compiled top income share data to estimate common breaks and trends across countries over the twentieth century. By using the most re-cent structural breaks techniques, our approach both confirms previous notions and offers new insights. In particular, the division...
Persistent link: https://www.econbiz.de/10003846312
This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western countries. The new findings suggest that wealth-income ratios were lower before World War I than previously claimed, that wealth concentration fell over the past century and has...
Persistent link: https://www.econbiz.de/10012660134
does. The health of the children of immigrants in 30 European countries is related to different measures of religiosity in … their mothers' birth countries. Since religiosity in the mothers' birth countries predicts children's religiosity (through … affect the religiosity of their mothers' home countries (measured several decades earlier).Furthermore, the negative …
Persistent link: https://www.econbiz.de/10011667682
. We introduce religiosity, measured as the share for which religion is important in daily life, to explain institutional … countries, that religiosity is negatively related to our institutional outcome variables. This only holds in democracies (not … autocracies), which suggests that religiosity affects the way institutions work through the political process. Individual …
Persistent link: https://www.econbiz.de/10009530923
We examine how variation in antisemitism across countries can be explained by economic freedom. We propose two mechanisms. First, the more economic freedom, the greater the scope of market activities. If people perceive the consequences of the market economy as detrimental, they will be more...
Persistent link: https://www.econbiz.de/10012292417
This paper proposes a simple non-parametric framework to calculate income elasticities from a data set of observed prices and consumed quantities without having to estimate any parameters. The framework can be applied when the price-quantity data satisfies a revealed preference axiom called the...
Persistent link: https://www.econbiz.de/10012176128
Since Paul Samuelson introduced the theory of revealed preference, it has become one of the most important concepts in economics. This chapter surveys some recent contributions in the revealed preference literature. We depart from Afriat's theorem, which provides the conditions for a data set to...
Persistent link: https://www.econbiz.de/10012007070
We propose a method to recover homothetic preferences from choice data with minor optimization or measurement errors. Our method allows for a more detailed graphical analysis to reveal subjects' preferences and to choose appropriate functional forms for parametric analysis. It can also be used...
Persistent link: https://www.econbiz.de/10011754165
This paper studies the behavior of competing firms in a duopoly with rational inattentive consumers. Firms play a sequential game in which they decide to obfuscate their individual prices before competing on price. Probabilistic demand functions are endogenously determined by the consumers'...
Persistent link: https://www.econbiz.de/10012423763