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's birth place is an important determinant for wealth in adulthood. We exploit a new dataset that oversamples wealthy … individuals in Germany and includes information on birth district, current residence, individual wealth, gifts and inheritances … and parental background. To identify the effect of economic growth on children's wealth we match the population of heirs …
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If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …
Persistent link: https://www.econbiz.de/10011958545
If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …
Persistent link: https://www.econbiz.de/10011927150
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Emerging market tycoons -- The self-made man -- Globalization and wealth in emerging markets -- Inequality, growth and …
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