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Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries
Almås, Ingvild - 2009
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries …
Persistent link: https://www.econbiz.de/10013159881
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Older or wealthier? : the impact of age adjustments on the wealth inequality ranking of countries
Almås, Ingvild; Mogstady, Magne - 2009
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10011635021
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Intergenerational transfers : how do they shape the German wealth distribution?
Werder, Marten von - 2018
distribution. I use the estimates to decompose the overall effect of transfers on wealth inequality in the effect of the aggregated … very much in line with the literature, indicating that transfers tend to equalize wealth inequality, despite minor …
Persistent link: https://www.econbiz.de/10011915902
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The inheritance and gift tax in Germany reform potentials for tax revenue, efficiency and distribution
Beznoska, Martin; Hentze, Tobias; Stockhausen, Maximilian - 2020
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … tool for fighting wealth inequality without having distorting effects for the economy. For this purpose, the distributional …
Persistent link: https://www.econbiz.de/10012419216
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Econometric analysis of the wealth gap between East and West Germany
Becker, Gideon - 2015 - This draft: February 22, 2015
Nearly 25 years after the German reunification, vastly different living conditions between East and West Germany still remain. This is particularly true for the distribution of net wealth which is of special importance for the well-being of individuals. Wealth provides utility in a number of...
Persistent link: https://www.econbiz.de/10011348393
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The life-cycle and the business-cycle of wage risk: a cross-country comparison
Bayer, Christian; Juessen, Falko - 2009
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10010271322
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Heterogeneous savers and their inflation expectation during German industrialization : social class, wealth, and gender
Lehmann-Hasemeyer, Sibylle H.; Neumayer, Andreas; … - 2022
Using microeconomic data on 2,500 savers of the savings bank Ludwigsburg, we study individual savings behavior in 19th century-Germany. We show that wealthy savers responded to an increase in the expected inflation rate (and falling real interest rate) by increasing their savings, suggesting...
Persistent link: https://www.econbiz.de/10013169259
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The distribution of household savings in Germany
Späth, Jochen; Schmid, Kai D. - 2016
background of rising economic inequality in industrialized countries and the ongoing assessment of its root causes, analyses of … mutual stimulation between income flows and wealth stocks contributes to rising inequality. We analyze the extent of the …
Persistent link: https://www.econbiz.de/10011575021
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Understanding the Trends in Income, Consumption and Wealth Inequality and How Important are Life-Cycle Effects?
Sommer, Mathias C. - 2009
Rising inequality in income, wealth and consumption has received a good deal of public attention in the past years. At … the same time, also macroeconomists are more and more interested in inequality as they have expanded their models to … incorporate heterogeneity in the household sector. We supply these models with empirical benchmarks for their calibration and …
Persistent link: https://www.econbiz.de/10014205691
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Urban political structure and inequality : political economy lessons from early modern German cities
Schaff, Felix - 2022
What was the impact of urban political structure on economic inequality in preindustrial times? I document that more … closed political institutions were associated with higher economic inequality in a panel of early modern German cities. To … inequality. To mitigate concerns about reverse causality, I exploit the Thirty Years' War (1618-1648) as a plausibly exogenous …
Persistent link: https://www.econbiz.de/10013170896