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Critical Remarks on Piketty's 'Capital in the Twenty-first Century'
Homburg, Stefan - 2014
This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
Persistent link: https://www.econbiz.de/10010352018
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Is the financial market driving income distribution? An analysis of the linkage between income and wealth in Europe
Kavonius, Ilja Kristian; Törmälehto, Veli-Matti - 2022
Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the … decrease in rates of return seems to contradict claims that, due to an increase in both financial and inherited wealth, we are …
Persistent link: https://www.econbiz.de/10014278404
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Einkommen von Pflege- und anderen Haushalten fast identisch: Große Unterschiede bei Vermögen
Geyer, Johannes; Haan, Peter; Neitzsch, Pablo - In: DIW Wochenbericht 90 (2023) 43, pp. 597-603
Knapp fünf Millionen Menschen haben Ende des Jahres 2022 Leistungen der sozialen Pflegeversicherung bezogen - rund zwei Millionen mehr als sechs Jahre zuvor. Maßgeblicher Grund für den starken Anstieg der Zahl der Leistungsempfänger*innen ist die Pflegereform im Jahr 2017. Der Großteil der...
Persistent link: https://www.econbiz.de/10014440486
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Consumption, wealth, and income inequality: A tale of tails
Gaillard, Alexandre; Hellwig, Christian; Wangner, Philipp; … - 2023
We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through … Pareto tails by positing a combination of non-homothetic, wealth-dependent preferences and scale-dependent returns to capital …
Persistent link: https://www.econbiz.de/10014480446
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Income and assets of care households in Germany
Geyer, Johannes - In: DIW Economic Bulletin 5 (2015) 14/15, pp. 203-208
In 2013, some 2.6 million people received long-term care benefits. The number of benefit recipients has risen by 45 percent since 1998. A good 70 percent of benefit recipients, roughly 1.7 million people, are cared for at home and nearly 30 percent in a nursing facility. There are also a...
Persistent link: https://www.econbiz.de/10010507604
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Einkommen und Vermögen der Pflegehaushalte in Deutschland
Geyer, Johannes - In: DIW Wochenbericht 82 (2015) 14/15, pp. 323-328
Im Jahr 2013 bezogen rund 2,6 Millionen Menschen Leistungen der Pflegeversicherung. Die Zahl der Leistungsempfänger ist seit 1998 um 45 Prozent gestiegen. Gut 70 Prozent der Leistungsbeziehenden, etwa 1,7 Millionen Personen, wurden zu Hause und knapp 30 Prozent stationär gepflegt. Daneben gibt...
Persistent link: https://www.econbiz.de/10010507611
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Financial markets and the current account: emerging Europe versus emerging Asia
Herrmann, Sabine; Winkler, Adalbert - 2008
Financial globalisation has been associated with divergent current account patterns in emerging market economies. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account deficits. In this paper we...
Persistent link: https://www.econbiz.de/10010295877
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Real convergence, financial markets, and the current account – Emerging Europe versus emerging Asia
Herrmann, Sabine; Winkler, Adalbert - 2008
Global financial integration has been associated with divergent patterns of real convergence and the current account in emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account...
Persistent link: https://www.econbiz.de/10011606240
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Generational accounting, solidarity and pension losses
Teulings, Coen N.; de Vries, Casper G. - 2003
The creeping stock market collapse eroded the wealth of funded pension systems. This led to political tensions between … generations due to the fuzzy definition of property rights on the pension funds wealth. We argue that this problem can best be …
Persistent link: https://www.econbiz.de/10010261654
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Aggregate savings, finance and investment
de Carvalho, Fernando J. Cardim - In: Intervention. European Journal of Economics and … 09 (2012) 2, pp. 197-214
Among the areas in which the Keynesian revolution has been more unsuccessful in changing orthodox views, the relationship between savings and investment must certainly be the best known. Even today, after more than seventy years of publication of The General Theory, policy-makers are still...
Persistent link: https://www.econbiz.de/10014363150