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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
flows and the domestic economic performances when explicitly accounting for wealth inequality on imperfect capital markets …
Persistent link: https://www.econbiz.de/10013370058
Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality … groups, not just the percentiles in statistical distributions into which various groups fall. We propose such a relational … countries. We discuss many potential advantages of this class typology in measuring and analyzing wealth and wealth inequality …
Persistent link: https://www.econbiz.de/10013370140
policy may have contributed to the persistent growth in income inequality in Japan, as measured by metrics such as the Gini …
Persistent link: https://www.econbiz.de/10014000501
This paper describes individuals' inequality perceptions, distributional norms, and redistributive preferences in a … inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and …
Persistent link: https://www.econbiz.de/10010316895
One might expect that rising US income inequality would reduce demand growth and create a drag on the economy because … higher-income groups spend a smaller share of income. But during a quarter century of rising inequality, US growth and … inequality could be one explanation for the stagnant recovery in the recession's aftermath. …
Persistent link: https://www.econbiz.de/10010318662
The question of whether changes in income inequality affect CO2 emissions remains a topic of debate at both theoretical …
Persistent link: https://www.econbiz.de/10014548217
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