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these effects. We find, first, that the labour share remains an important determinant of overall inequality patterns, and …, second, that stronger unions and a more generous unemployment benefit tend to reduce income inequality. High capital …-labour ratios also emerge as a strong equalising factor, which has in part offset the impact of increasing wage inequality on the US …
Persistent link: https://www.econbiz.de/10013318375
While most studies on wealth inequality focus on the inequality between households, this paper examines the …
Persistent link: https://www.econbiz.de/10013074897
In this paper, we develop and numerically solve a model of idiosyncratic labour income and idiosyncratic interest rates to predict the evolution of a wealth distribution over time. Stochastic labour income follows a deterministic growth trend and it fluctuates between a wage and unemployment...
Persistent link: https://www.econbiz.de/10012909981
income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence … social inequality than the traditional 'income only' approach. We find that cross-country variations in the dependence … 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/10013016307
We examine the causes for rising income inequality in Europe's most populous economy. From 2000 to 2006, Germany … experienced an unprecedented rise in net equivalized income inequality and poverty. At the same time, unemployment rose to record …. Other factors that possibly contributed to the rise in income inequality were changes in the tax system, changes in the …
Persistent link: https://www.econbiz.de/10013139967
increases in any source of household income are associated with decreases in intra-household inequality, as measured by the …
Persistent link: https://www.econbiz.de/10012912744
This paper investigates the source of the gap in the relative wealth position of immigrant households residing in Australia, Germany and the United States. Our results indicate that in Germany and the United States wealth differentials are largely the result of disparity in the educational...
Persistent link: https://www.econbiz.de/10013317096
? How do the facts relate to proposed theories about changes in inequality? We present the main inequality trends, in some …-called top income literature and new evidence on wealth concentration. The picture that emerges shows that inequality was … increasing concentration, but in most cases inequality seems to have been relatively constant at a high level in the nineteenth …
Persistent link: https://www.econbiz.de/10013054572
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10013016356
This paper presents new estimates of wealth inequality in Sweden during 2000–2012, linking wealth register data up to … of the wealth tax stopped the collection of individual wealth statistics. We find that wealth inequality increased after … estimates may well approximate overall inequality levels and trends, they are highly sensitive to assumptions and the quality of …
Persistent link: https://www.econbiz.de/10012992759