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evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth …
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The tax structure is important for the income distribution and therefore a key playground for redistributive politics. The standard theory assumes that more unequal income distribution will create a majority for more redistribution (Meltzer and Richard). This study investigates the empirical...
Persistent link: https://www.econbiz.de/10011399685
The tax structure is important for the income distribution and therefore a key playground for redistributive politics. The standard theory assumes that more unequal income distribution will create a majority for more redistribution (Meltzer and Richard). This study investigates the empirical...
Persistent link: https://www.econbiz.de/10001620660
The tax structure is important for the income distribution and therefore a key playground for redistributive politics. The standard theory assumes that more unequal income distribution will create a majority for more redistribution (Meltzer and Richard). This study investigates the empirical...
Persistent link: https://www.econbiz.de/10013320844
We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … power-law behavior with a strict ranking of upper tail inequality, in that order, from the least to the most unequal. We … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through …
Persistent link: https://www.econbiz.de/10014442010
undocumented channel through which wealth inequality reinforces itself … data, we can neatly describe the heterogeneity across all parts of the distribution of wealth. We find compelling evidence …
Persistent link: https://www.econbiz.de/10013219943