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Parametric Estimations of the World Distribution of Income
Pinkovskiy, Maxim - 2009
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
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Up from Poverty? The 1832 Cherokee Land Lottery and the Long-run Distribution of Wealth
Bleakley, Hoyt - 2013
these episodes to examine the idea that the lower tail of the wealth distribution reflects in part a wealth-based poverty …
Persistent link: https://www.econbiz.de/10012459487
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Measuring ancient inequality
Milanovic, Branko - 2007
"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
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Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S : Is the Fed Responsible?
Wolff, Edward N. - National Bureau of Economic Research - 2021
Two hallmarks of U.S. monetary policy since the 1981-1982 recession have been declining interest rates and moderation in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0.070 between 1983 and 2019. This paper analyzes the...
Persistent link: https://www.econbiz.de/10012660070
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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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Assortative Mating and Wealth Inequality
Fagereng, Andreas; Guiso, Luigi; Pistaferri, Luigi - National Bureau of Economic Research - 2022
We use population data on capital income and wealth holdings for Norway to measure asset positions and wealth returns before individuals marry and after the household is formed. These data allow us to establish a number of novel facts. First, individuals sort on personal wealth rather than...
Persistent link: https://www.econbiz.de/10013190997
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Representation Failure
Iaryczower, Matias; Montero, Sergio; Kim, Galileu - National Bureau of Economic Research - 2022
Democratic representation is constrained by the alternatives available to voters. In this paper, we develop a methodology to gauge the extent to which the "supply side" of politics hinders voter welfare. Using rich data on thousands of candidates in three Brazilian legislative elections, we...
Persistent link: https://www.econbiz.de/10013191060
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Deindustrialization and Industry Polarization
Sposi, Michael; Yi, Kei-mu; Zhang, Jing - National Bureau of Economic Research - 2021
We add to recent evidence on deindustrialization and document a new pattern: increasing industry polarization over time. We assess whether these patterns can be explained by a dynamic open economy model of structural change in which the two primary driving forces are sector-biased productivity...
Persistent link: https://www.econbiz.de/10012696392
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Capital Return Jumps and Wealth Distribution
Benhabib, Jess; Cui, Wei; Miao, Jianjun - National Bureau of Economic Research - 2021
The distributions of wealth in the US and many other countries are strikingly concentrated on the top and skewed to the right. To explain the income and wealth inequality, we provide a tractable heterogeneous-agent model with incomplete markets in continuous time. We separate illiquid capital...
Persistent link: https://www.econbiz.de/10012794572
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Life-Cycles in Income and Wealth
Kearl, J. R. - 1983
Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are concave and that have a peak within the age distribution of the relevant sample. This finding holds for cross sections at five-year intervals, for pooled cross section...
Persistent link: https://www.econbiz.de/10012477955