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We develop and estimate a life-cycle consumption savings model in which observed genetic variation is allowed to affect wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment, aggregated into a predictive index called a polygenic...
Persistent link: https://www.econbiz.de/10013362004
their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
Persistent link: https://www.econbiz.de/10012469200
World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and … welfare. Using the official $1/day line, we estimate that world poverty rates have fallen by 80% from 0.268 in 1970 to 0 … of the global poverty count in 2006 are much smaller than found by other researchers. We also find similar reductions in …
Persistent link: https://www.econbiz.de/10012463216
zero. Using the estimated optimal weights, we compute estimates of true income per capita and $1/day poverty rates for the … developing world and its regions. We get poverty estimates that are substantially lower and fall substantially faster than those … of Chen and Ravallion (2010) or of the survey-based poverty literature more generally …
Persistent link: https://www.econbiz.de/10012458831
distribution has become particularly important in recent decades. We reconfirm the findings of the literature that global poverty …
Persistent link: https://www.econbiz.de/10014512057
Although the vast majority of US research on trends in the inequality of family income is based on public-use March Current Population Survey (CPS) data, a new wave of research based on Internal Revenue Service (IRS) tax return data reports substantially higher levels of inequality and faster...
Persistent link: https://www.econbiz.de/10012463330
Access to IRS personal income tax records improves researchers' ability to track U.S. income and inequality, especially at the very top of the distribution (Piketty and Saez 2003). However, rather than following standard Haig-Simons income definitions, tax form income measures were designed to...
Persistent link: https://www.econbiz.de/10012455673
In theory, the U.S. tax system aims to attribute and tax all business income to individuals. But the tax treatment of …
Persistent link: https://www.econbiz.de/10012455902
Recent research on United States levels and trends in income inequality vary substantially in how they measure income. Piketty and Saez (2003) examine market income of tax units based on IRS tax return data, DeNavas-Walt, Proctor, and Smith (2012) and most CPS-based research uses pre-tax,...
Persistent link: https://www.econbiz.de/10012459551
This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10012466145