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whole. Such high levels of inequality can be accounted for in all forms of assets, including housing, pension funds, and … other financial assets. Our series show no sign of decreasing wealth inequality since apartheid; if anything, we find that … inequality has remained broadly stable and has even slightly increased within top wealth groups. …
Persistent link: https://www.econbiz.de/10012424032
labour earnings inequality coefficients. In particular, corrections deal with outliers and implausible data records, missing …
Persistent link: https://www.econbiz.de/10012424019
This paper examines the relationship between monetary policy and wealth inequality in South Africa. We employed a … unique database of tax administrative data which allowed us to account for individual heterogeneity. These tax data span from …- and random-effects panel model estimates show that monetary policy generally increases wealth Gini inequality while it …
Persistent link: https://www.econbiz.de/10012424161
The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and limited functionality. This could lead to undersaving compared to a world without market or behavioural frictions. Undersaving can have important welfare consequences: variable consumption,...
Persistent link: https://www.econbiz.de/10010352722
The degree of choice households have over their consumption expenditure is critical in deciding their economic class. Applying our measure to Egyptian household budget surveys, we estimate the population size of the middle class in Egypt and assess their well-being in the period 1995-2011. Our...
Persistent link: https://www.econbiz.de/10011418618
In this review, I provide an overview of the literature investigating the social psychology of economic inequality …, focusing on individuals' understandings, perceptions, and reactions to inequality. I begin by describing different ways of … measuring perceptions of inequality, and conclude that absolute measures-which ask respondents to estimate inequality in more …
Persistent link: https://www.econbiz.de/10012651114
Using illustrations from research on inequality, this paper offers evidence on the strengths of 'behavioural synthesis … and relative inequality have evolved from assumptions of income maximization to status-seeking competition, and to … conclude that methodological pluralism, i.e. scientific integration, is necessary when it comes to understanding inequality and …
Persistent link: https://www.econbiz.de/10012651147
In the presence of inequality a status-driven utility function reconciles the conflict between income-based and …
Persistent link: https://www.econbiz.de/10010319857
2008/09, we show that once relative price increases are accounted for, inequality of real consumption increases … categories. Since the main factors driving this result prevail in other developing countries, it is likely that inequality may be …
Persistent link: https://www.econbiz.de/10011418561
This paper investigates the expenditure patterns of South African households using detailed cross-sectional expenditure and price data. Linear expenditure system (LES) parameter estimates are used to calculate income and price elasticities for a number of product categories at different points...
Persistent link: https://www.econbiz.de/10011418647