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indicate capital accumulation and high profits, in a period characterised by international economic turmoil, alongside …
Persistent link: https://www.econbiz.de/10013402068
This paper shows yearly estimates of income inequality in Italy from 1900 to 1950. By constructing dynamic social tables, we comprehensively assess inequality across all components of Italian society. In a context of declining inequality across Europe, interwar Italy reveals a singular...
Persistent link: https://www.econbiz.de/10013402026
In summer 1923, pursuant to the 'full powers' granted him by the Parliament to balance the budget, Alberto De Stefani - appointed in October 1922 as Mussolini's Treasury Minister - announced the abolition of inheritance tax. The most iconic act of Fascist 'financial restauration' of 1922-25, the...
Persistent link: https://www.econbiz.de/10013489766
Following Russia’s February invasion of Ukraine and the imposition of sanctions by countries worldwide, Russian population faces a crisis with deep but differentiated consequences across socioeconomic groups. We examine the evolution of earnings and societal earnings gaps throughout Vladimir...
Persistent link: https://www.econbiz.de/10014080138
Following Russia's February invasion of Ukraine and the imposition of sanctions by countries worldwide, Russian population faces a crisis with deep but differentiated consequences across socioeconomic groups. We examine the evolution of earnings and societal earnings gaps throughout Vladimir...
Persistent link: https://www.econbiz.de/10014455206
We examine the extent to which declining manufacturing employment may havecontributed to increasing inequality in advanced economies. This contribution is typicallysmall, except in the United States. We explore two possible explanations: the high initialmanufacturing wage premium and the high...
Persistent link: https://www.econbiz.de/10012860990
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore two possible explanations: the high initial manufacturing wage premium and the high...
Persistent link: https://www.econbiz.de/10012052312
We study the dynamics of income inequality, capital concentration, and voting outcomes before 1914. Based on new panel … 1914. We show that the increase in inequality was strongly correlated with a rising capital share, as predicted by Marxists … at the time. In contrast, rising capital concentration was not associated with increasing income inequality. Relying on …
Persistent link: https://www.econbiz.de/10012820215
. Regression analysis reveals that rising top income shares are positively associated with the capital share, trade and …
Persistent link: https://www.econbiz.de/10011913652
We study the dynamics of capital accumulation, income inequality, capital concentration, and voting up to 1914. Based … critics. We show that changes in capital accumulation led to a rise in the capital share and income inequality, as predicted … by orthodox Marxists. But against their predictions, this did neither lead to further capital concentration nor to more …
Persistent link: https://www.econbiz.de/10014477385