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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/10013337381
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …
Persistent link: https://www.econbiz.de/10013016356
holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly …. Thereafter we investigate missing top tail observation from wealth surveys as a source of discrepancy. By fitting a Pareto … underestimation of the top tail of the wealth distribution. Conceptual and generic differences as well as missing top tail …
Persistent link: https://www.econbiz.de/10013315397
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that the percentage of …
Persistent link: https://www.econbiz.de/10013028508
This paper looks at the links between inequality of opportunity and views about the underlying processes that support economic success or failure. Unlike income inequality, inequality of opportunity isolates the extent to which inequality in circumstances beyond an individual's control...
Persistent link: https://www.econbiz.de/10012928091
of income and wealth and interest into the taxation of wealth for redistributive purposes has largely increased. By … analysis of taxes on wealth and wealth transfers. Second, we evaluate redistributive effects of tax-benefit systems against the … joint income-wealth distribution instead of income only. We show that expressing living standards in terms of both income …
Persistent link: https://www.econbiz.de/10011864870
The paper introduces a new specification of the Kuznets curve, where turning point per capita income is conditioned to the level of financial development. Within the proposed framework, it then provides new evidence on real income convergence for the euro area (EA) since the mid-1980s, with a...
Persistent link: https://www.econbiz.de/10013011079
definitions of income and wealth poverty affect the number and socio-demographic characteristics of poor households, as well as … their portfolio composition and consumption expenditure. We find that adding wealth to the poverty definition mainly … the typical socio-demographic patterns for poor households: the risk of being income and/or wealth-poor is, in almost all …
Persistent link: https://www.econbiz.de/10011373659
European societies have been experiencing growing income and wealth inequalities over the past few decades, and … evaluations of income and wealth in the European Social Survey (2018/2019). We identify four types of justice profiles among the … terms of if and where they perceive injustice in the income and wealth distributions. Most respondents are either critics …
Persistent link: https://www.econbiz.de/10013161606
The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality … between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership …-country inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality differences …
Persistent link: https://www.econbiz.de/10013014361