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Trade and Income in the Long Run : Are There Really Gains, and are They Widely Shared?
Cerdeiro, Diego - 2017
and inequality. Our cross-country estimates for trade's impact on real income areconsistently positive and significant … over time. At the same time, we do not find anystatistical evidence that more trade increases aggregate measures of income …
Persistent link: https://www.econbiz.de/10012942337
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Household Wealth and Resilience to Financial Shocks in Italy
Garcia-Macia, Daniel - 2018
income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the …
Persistent link: https://www.econbiz.de/10012910351
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Public Wealth in the United States
Gonguet, Fabien - 2019
We analyze the US public sector balance sheet and project it forward under the assumption that current policies remain in place. We first document the history of the balance sheet and its components since World War II, with a detailed account of its evolution during and after the global...
Persistent link: https://www.econbiz.de/10012865833
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Inflation, Financial Developments, and Wealth Distribution
Ho, Wai-Yip Alex - 2016
We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the money wealth ratio increased for all wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in which households face a portfolio adjustment cost and a...
Persistent link: https://www.econbiz.de/10012977840
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Wealth Inequality and Private Savings : The Case of Germany
Dao, Mai - 2020
current account balance in Germany. As high corporate savingslargely reflected capital income accruing to wealthy households … bywidening top income inequality, rising private savings and compressed consumption rates.Rising corporate profits in an …
Persistent link: https://www.econbiz.de/10012828236
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Explaining Inequality and Poverty Reduction in Bolivia
Vargas, Jose - 2016
evidence suggests that the reduction was driven mainly by labor income growth at the bottom end of the income distribution …. Increases in non-labor income (rents, transfers, remittances) also played a role, but a smaller one, although the introduction … of Renta Dignidad has made a big difference for the elderly poor. Labor income increases were concentrated in the …
Persistent link: https://www.econbiz.de/10012998772
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Heterogeneity and Persistence in Returns to Wealth
Fagereng, Andreas - 2018
We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data from Norway's administrative tax records. We document a number of novel results.First, during our sample period individuals earn markedly different average returns on their...
Persistent link: https://www.econbiz.de/10012912494
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The Rise in Inequality after Pandemics : Can Fiscal Support Play a Mitigating Role?
Furceri, Davide; Loungani, Prakash; Ostry, Jonathan D.; … - 2022
Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola and Zika) have been followed by increases in inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an...
Persistent link: https://www.econbiz.de/10013305662
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Safe Asset Demand, Global Capital Flows and Wealth Concentration
Kim, Taehoon - 2022
The US economy is often referred to as the “banker to the world,” due to its unique role in supplying global reserve assets and funding foreign risky investment. This paper develops a general equilibrium model to analyze and quantify the contribution of this role to rising wealth...
Persistent link: https://www.econbiz.de/10013306735
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The Rich and the Great Recession
Bakker, Bas Berend - 2015
top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role …
Persistent link: https://www.econbiz.de/10013028679