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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
The aim of this paper is to examine the concentration of wealth among the group of top wealth holders, defined as those … with wealth in excess of a high cut off. The paper begins by considering the definition of this cut off, analogous to the …, wealth tax data, and investment income tax data. It starts off from the world’s billionaires in 2006, but is particularly …
Persistent link: https://www.econbiz.de/10010284753
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
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
This paper focuses on three issues. First, it analyses the increasing inequality of wealth in Sweden in terms of … percentile age and birth cohort differences. Second, it discusses mobility of wealth as a function of age, length of the … wealth. …
Persistent link: https://www.econbiz.de/10010321808
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
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
This study presents new homogenous series of top income shares in Sweden over the period 1903-2004. We find that, starting from levels of inequality approximately equal to those in other Western countries at the time, the income share of the Swedish top decile drops sharply over the first eighty...
Persistent link: https://www.econbiz.de/10010320074
The objective of this paper is to study the dynamics of the wealth distribution over the path of economic development … characteristics shared by all countries. A historical account of the evolution of the wealth distribution in developed countries is … transition. The data used originates from the taxation of wealth and estates. …
Persistent link: https://www.econbiz.de/10010320107
We study the development of wealth concentration in Sweden over 130 years, from the beginning of industrialization … until present day. Our series are based on a wide array of new evidence 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/10010320172