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This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world …. Long-run wealth inequality dynamics appear to be highly unstable. We stress the need for more democratic transparency on … Kingdom. We observe rising top income and wealth shares in nearly all countries in recent decades. But the magnitude of the …
Persistent link: https://www.econbiz.de/10012963762
There is a widespread belief that the COVID-19 pandemic has increased global income inequality, reducing per capita … inequality decreased. When countries are weighted by population, international income inequality increased, more in line with the … result of the pandemic is supported by comparing global inequality using IMF forecasts in October 2019 and October 2020 …
Persistent link: https://www.econbiz.de/10013247006
growing literature on wealth inequality across the world. Evidence points towards a rise in global wealth concentration: for …This article reviews the recent literature on the dynamics of global wealth inequality. I first reconcile available … estimates of wealth inequality in the United States. Both surveys and tax data show that wealth inequality has increased …
Persistent link: https://www.econbiz.de/10012894436
We examine the distribution of household consumption, income and savings from 2019 through the end of 2020 using the Consumer Expenditure Survey (CE) and other data. This is the first work to study the impact of the COVID-19 pandemic on economic well-being using nationally representative...
Persistent link: https://www.econbiz.de/10013295152
consequence, estimates based on survey data alone typically understate true levels of inequality. This paper presents new research …
Persistent link: https://www.econbiz.de/10013289110
This paper addresses the economic impact of the COVID-19 pandemic by providing timely and accurate information on the impact of the current pandemic on income and poverty to inform the targeting of resources to those most affected and assess the success of current efforts. We construct new...
Persistent link: https://www.econbiz.de/10012824912
that are not tested under current guidelines), is not well estimated in the literature because tests for the coronavirus …
Persistent link: https://www.econbiz.de/10012838354
We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about future business growth, and...
Persistent link: https://www.econbiz.de/10012830476
performance we observe there even today. This paper argues to the contrary. Compared with the rest of the world, inequality was … believe that Latin America has always had very high levels of inequality, suggesting it will be hard for modern social policy … this must always have been true. Indeed, some have argued that high inequality appeared very early in the post …
Persistent link: https://www.econbiz.de/10013070811
In this paper we first document inequality trends in wages, hours worked, earnings, consumption, and wealth for Germany … from the last twenty years. We generally find that inequality was relatively stable in West Germany until the German …, especially after about 1998. Disposable income and consumption, on the other hand, display only a modest increase in inequality …
Persistent link: https://www.econbiz.de/10013152554