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It is a well-known criticism that due to its exponential distribution, survey data on wealth is hardly reliable when it comes to analyzing the richest parts of society. This paper addresses this criticism using Austrian data from the Household Finance and Consumption Survey (HFCS). In doing so...
Persistent link: https://www.econbiz.de/10010368262
was thus appropriately modeled as a finite mixture of distributions. Furthermore, each component in the mixture appeared … distribution including earnings inequality. In addition, we correlate component membership with worker type to provide a tacit link …
Persistent link: https://www.econbiz.de/10013269244
mixture of two log-normal distributions provides an excellent fit for this interregional distribution in all considered years …-dependent. This can be derived from maximum entropy considerations. However, the bimodality in the income distributions also implies …
Persistent link: https://www.econbiz.de/10013269257
high levels of inequality. Decomposition analysis shows that poverty reduction in Namibia is largely driven by growth in … mean incomes rather than redistribution. Even so, there have been important changes in inequality, especially between … different social groups, as educational attainment has replaced ethnicity as the main determinant of inequality between groups. …
Persistent link: https://www.econbiz.de/10010293269
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … powerful buyer can trade with one of several sellers - an environment that can lead to pronounced inequality among the … inequality. …
Persistent link: https://www.econbiz.de/10011420556
Earlier studies on income inequality and crime have typically used total income or total earnings. However, it is quite … is therefore to disentangle the two effects by, first, estimating region-specific inequality in permanent and transitory … indicate that it is important to separate the two effects; while an increase in the inequality in permanent income yields a …
Persistent link: https://www.econbiz.de/10010321518
We present new evidence on the influence of income inequality on generalized trust. Using individual panel data from … income inequality and trust is particularly strong for people with a strong aversion against income differentials. We also …
Persistent link: https://www.econbiz.de/10010321606
We provide a common set of life-cycle earnings statistics using administrative data from the United States, Canada, Denmark and Sweden. Three qualitative patterns are common across countries: (1) the earnings distribution above the median fans out with age, (2) the extreme right tail of the...
Persistent link: https://www.econbiz.de/10012039330
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … considerably weaker offsetting effect on wealth inequality in 2001 than in 1983. Whereas standard net worth inequality increased … modestly between 1983 and 2001, the inequality of augmented wealth (the sum of retirement wealth and net worth) surged from …
Persistent link: https://www.econbiz.de/10010266432
1982, and much faster than MI from 1982 to 2004. In 2004, measured inequality was lower in LIMEW than MI (a difference of 5 ….5 Gini points); similarly, the increase in inequality between 1959 and 2004 was higher in MI than LIMEW (6.2 versus 5.1 Gini …
Persistent link: https://www.econbiz.de/10010266442