Showing 1 - 10 of 2,070
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/10013061938
easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income …
Persistent link: https://www.econbiz.de/10013318254
This paper analyzes the intra-household distribution of wealth and welfare in the United States, within a theoretical … leads to wealth inequalities. However, the intra-household processes appear to be efficient in terms of welfare, as … spouses' estimated indirect utility. Our results shed light on the spouses' wealth shares and the sharing rule guiding the …
Persistent link: https://www.econbiz.de/10012912744
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 distribution of income and wealth. The results indicate that, with the exception of …
Persistent link: https://www.econbiz.de/10013016356
considered as rich in a multidimensional setting. We use this framework to analyze the role of wealth, health and education, in … driven by health and to a lesser extent by wealth …
Persistent link: https://www.econbiz.de/10013146473
Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile's income share is associated with a...
Persistent link: https://www.econbiz.de/10013143686
While most studies on wealth inequality focus on the inequality between households, this paper examines the … distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio … partnership) that might explain this wealth gap.We find that all factors contribute to the explanation of the wealth gap within …
Persistent link: https://www.econbiz.de/10013074897
to predict the evolution of a wealth distribution over time. Stochastic labour income follows a deterministic growth … interest rate implies a stationary long-run wealth distribution, a high interest rate implies non-stationary wealth … distributions.Our baseline model matches the evolution of the wealth distribution of the NLSY 79 cohort from 1986 to 2008 very well …
Persistent link: https://www.econbiz.de/10012909981
This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze … income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence … parameter between the two variables and study whether accounting for wealth and income jointly reveals a different pattern of …
Persistent link: https://www.econbiz.de/10013016307
This paper holistically addresses the effective (relative) income tax contribution of a given in-come (or, wealth … national income (or wealth) appropriated by the same income group. In turn, we develop the Fiscal Inequality Coefficient which … compares the effective percentage income tax payments of pairs of income (or wealth) groups. Using data for the US, we …
Persistent link: https://www.econbiz.de/10012948621