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wealth accumulation in these two countries can be enlightening. In this paper we examine wealth inequality and mobility in … Sweden and the United States over the past decade. We show that wealth inequality has been significantly greater in the U …. In addition to less inequality and a higher median wealth, we also show that wealth quintile mobility in the 1990's has …
Persistent link: https://www.econbiz.de/10010321756
circumstances of households. Using data drawn from the 2001 and 2002 waves of the Household, Income and Labour Dynamics in Australia … (HILDA) Survey, this paper demonstrates that wealth, which can be viewed as providing a degree of economic security, is at …
Persistent link: https://www.econbiz.de/10010261799
with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany … countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …
Persistent link: https://www.econbiz.de/10010261968
levels, single immigrants have a wealth advantage of almost $185,000 relative to single native-born individuals. Although the … wealth gap between mixed and native-born couples is not statistically significant, immigrant-only couples have approximately … $150,000 less wealth on average than native-born couples. Relative to equally wealthy native-born couples, immigrant …
Persistent link: https://www.econbiz.de/10010268608
The idea of higher wealth taxes to finance the mounting public debt in the wake of the financial crises is gaining … net wealth that is currently on the German political agenda. We use survey data from the German Socio-Economic Panel (SOEP …) and estimate the net wealth distribution at the very top, based on publicly available information about very rich Germans …
Persistent link: https://www.econbiz.de/10011601039
accumulation, as well as on the income and wealth distribution in a two sector heterogeneous agent general equilibrium model … likelihood of entrepreneurship increases with individual wealth. …
Persistent link: https://www.econbiz.de/10010265142
The distributions of income and wealth in countries across the world are found to possess some robust and stable …
Persistent link: https://www.econbiz.de/10010299490
Statistical equilibrium denotes the distribution of wealth that can be achieved in the largest number of ways while … satisfying a first moment constraint on the rate of growth in wealth portfolios. Maximizing entropy subject to a logarithmic … constraint yields a power law distribution whose characteristic exponent depends positively on the minimum wealth level, and …
Persistent link: https://www.econbiz.de/10010328652
This study presents new homogenous series of top income shares in Sweden over the period 1903 to 2004. We find that, starting from higher levels of inequality than in other Western countries, the income share of the Swedish top decile drops sharply over the first eighty years of the century. The...
Persistent link: https://www.econbiz.de/10010281326
We study the development of wealth concentration in Sweden over 130 years, from the begin-ning of industrialization … until present day. Our series are based on a wide array of new evi-dence from estate- and wealth tax data, estimates of … foreign and domestic family firm-wealth and of pension and social security wealth. We find that the Swedish wealth …
Persistent link: https://www.econbiz.de/10010281378