Showing 1 - 10 of 605
We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal …
Persistent link: https://www.econbiz.de/10012463569
-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in Russia from the … in the United States. We also find that inequality has increased substantially more in Russia than in China and other ex …-communist countries in Eastern Europe. We relate this finding to the specific transition strategy followed in Russia. According to our …
Persistent link: https://www.econbiz.de/10012453999
countries, to Russia's earlier history, and to Russia's income distribution today? Careful weighing of an eclectic data set … of European Russia. In 1904, on the eve of military defeat and the 1905 Revolution, Russian income inequality was … States, and Russia itself. We also note how the interplay of some distinctive fiscal and relative-price features of Imperial …
Persistent link: https://www.econbiz.de/10012460276
The heavy-tailed distribution of firm sizes first discovered by Zipf (1949) is one of the best established empirical facts in economics. We show that it has strong implications for asset pricing. Due to the concentration of the market portfolio when the distribution of the capitalization of...
Persistent link: https://www.econbiz.de/10012463355
The large inflow of investment capital to commodity futures markets in the last decade has generated a heated debate about whether financialization distorts commodity prices. Rather than focusing on the opposing views concerning whether investment flows either did or did not cause a price...
Persistent link: https://www.econbiz.de/10012459020
What can history tell us about the relationship between the banking system, financial crises, the global economy, and economic performance? Evidence shows that in the advanced economies we live in a world that is more financialized than ever before as measured by importance of credit in the...
Persistent link: https://www.econbiz.de/10012460371
"Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...
Persistent link: https://www.econbiz.de/10010521497
"Policymakers and economists disagree about the impact of bank regulations on the distribution of income. Exploiting cross-state and cross-time variation, we test whether liberalizing restrictions on intra-state branching in the United States intensified, ameliorated, or had no effect on income...
Persistent link: https://www.econbiz.de/10010521579
Persistent link: https://www.econbiz.de/10011283148
"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...
Persistent link: https://www.econbiz.de/10010522996