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This paper analyzes the short-run dynamics and changing sources of wealth among the Forbes 400 list of the wealthiest … the entire time period the growth of wealth was negatively related to the previous years' wealth, implying a slight degree … of wealth convergence within the group. We find that the overall growth of the group's wealth slowed after the crisis but …
Persistent link: https://www.econbiz.de/10012114939
other sources, this paper presents seven economic facts about the racial wealth gap in the U.S. We present data on racial … between Black households and White households. While none of the economic factors listed fully explains the racial wealth gap …, each factor, along with a history of racism and discrimination has contributed to the extreme wealth inequality in America …
Persistent link: https://www.econbiz.de/10013279332
wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
Persistent link: https://www.econbiz.de/10012183332
human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh …
Persistent link: https://www.econbiz.de/10013382060
, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality. …
Persistent link: https://www.econbiz.de/10011392586
It is a well-known criticism that due to its exponential distribution, survey data on wealth is hardly reliable when it … the number of households possessing a net wealth greater than four million Euros as well as their aggregate wealth … suggest that the alleged non-observation bias is considerable, accounting for about one quarter of total net wealth. The …
Persistent link: https://www.econbiz.de/10010233897
We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large …-scale online survey in Germany. First, we analyze how well participants are informed about the German wealth distribution and their … position in it. Second, we investigate how preferences for wealth redistribution are affected by an information experiment. One …
Persistent link: https://www.econbiz.de/10014543737
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/10011288530
inequality. In high income countries, the evidence that income (wealth) does have a causal impact on health in adulthood is weak …
Persistent link: https://www.econbiz.de/10010224791
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/10010349913