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effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and … pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with income shocks …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household …
Persistent link: https://www.econbiz.de/10012206687
Persistent link: https://www.econbiz.de/10012509087
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/10010459794
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
distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence …-health’s contribution to income inequality is difficult to gauge. Variation in exposure to health risks early in life could be an important … within the domain of health, then economic inequality will generate health inequality. In high-income countries, the evidence …
Persistent link: https://www.econbiz.de/10014025328
decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …This study extends a thick modelling tool for aggregated euro area real private consumption of de Bondt et al. (2019 …
Persistent link: https://www.econbiz.de/10012135921
Persistent link: https://www.econbiz.de/10011982715
Persistent link: https://www.econbiz.de/10011779322
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
This paper examines some determinants of top income shares and the aggregate wealth-income ratio in the United States …. The paper, first, points out the difficulties in Piketty's neo-classical version of explanation of US income inequality …, which stresses the effect of the rising aggregate wealth-income ratio and high elasticity of factor substitution. Second …
Persistent link: https://www.econbiz.de/10011577044