Showing 1 - 10 of 27,037
It has already been pointed out in the literature on financialisation that private pension funds have played a key role …
Persistent link: https://www.econbiz.de/10011685397
The paper argues that wage dispersion between white-collar and blue-collar workers has caused the rise and expansion of pension funds in a direct and long-run structural manner in the USA. Using data from the Saez-Zucman and the St. Louis Fed's FRED datasets, the argument is empirically analysed...
Persistent link: https://www.econbiz.de/10012923224
This paper explains the emergence of financialisation of nonfinancial corporations (NFCs) in the USA by way of the …
Persistent link: https://www.econbiz.de/10012628044
The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the combination of two apparently incompatible financial theories: the financial instability hypothesis by Hyman P. Minsky and the theory of capital market inflation by Jan Toporowski. Our...
Persistent link: https://www.econbiz.de/10010340278
The relationship between consumption inequality (between two groups) and market concentration has hitherto been absent from the literature. This paper argues that consumption dispersion between white-collar and blue-collar workers has caused increased market concentration in the USA in a direct...
Persistent link: https://www.econbiz.de/10011963831
The paper examines the interdependencies of financialisation and working conditions by exploring the comparative … financialisation on the worker-consumer nexus are selected and tested: 1) the social inequality thesis, 2) the debt-income compensation …, it is concluded that the impact of financialisation on well-being cannot simply be read from the size of national …
Persistent link: https://www.econbiz.de/10011567956
During the Polish economy transformation process a lot of reforms have been implemented, including those connected with pension system. But future pensioners should not, unfortunately, trust in high rate of future pensions received from pensioner system, much earlier, individually should take...
Persistent link: https://www.econbiz.de/10013118081
During the Polish economy transformation process a lot of reforms have been implemented, including those connected with pension system. Th e pension system was based on two obligatory pillars. So-called the second pillar of pension security was supposed to guarantee future humane pension (at an...
Persistent link: https://www.econbiz.de/10013118292
This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and financial fragility. We exploit a new household-level data set that covers the joint distributions of debt, income, and wealth in the United States over the past seven decades. The...
Persistent link: https://www.econbiz.de/10012833947
This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and financial fragility. We exploit a new household-level dataset that covers the joint distributions of debt, income, and wealth in the United States over the past seven decades. The...
Persistent link: https://www.econbiz.de/10012834035