Showing 1 - 10 of 407
tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … inequality from Forbes magazine's listing of billionaires and compare its effect on growth to the effects of income inequality …, while politically unconnected wealth inequality, income inequality, and initial poverty have no significant effect …
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
We explore the relationships between subjective well-being and income, as seen across individuals within a given … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same … whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well …
Persistent link: https://www.econbiz.de/10013132818
their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being.In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …
Persistent link: https://www.econbiz.de/10013088664
look at five different sets of factors (demographics, income, labor market, inheritances, financial decision-making in the … partnerships, with inheritances and income being particularly relevant. Furthermore, we find that specific characteristics (e ….g., self-employment, no migration background, inheritances, high income) that decrease the wealth gap for women increase it for …
Persistent link: https://www.econbiz.de/10013074897
earnings, capital income and net worth, we find evidence for excess returns on investment among the highest income groups … high correlation between earnings and wealth in the data, as well as the fact that earnings are a major source of income … for top income and wealth groups …
Persistent link: https://www.econbiz.de/10012838468
This paper describes trends in parental wealth homogamy among union cohorts formed between 1987 and 2013 in Denmark. Using high-quality register data on the wealth of parents during the year of partnering, we show that the correlation between partners' levels of parental wealth is considerably...
Persistent link: https://www.econbiz.de/10012840447
Several countries have recently abolished or significantly reduced their taxes on bequests. Bequest taxes, on the other hand, were among the first to be introduced when modern systems of taxation were developed at the end of the nineteenth century. We propose an explanation for these facts which...
Persistent link: https://www.econbiz.de/10012777737
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 …
Persistent link: https://www.econbiz.de/10012909981
universe of UK taxpayers we show migrants are over-represented at the top of the income distribution, with migrants twice as … the UK top 1% income share over the past 20 years can be attributed to migration …
Persistent link: https://www.econbiz.de/10012822457