's credit decisions affect their future income. We use the bank's cutoff rule, which is based on the applicants' credit scores … acceptance increases recipients' income five years later by more than 10 percent compared to denied applicants. This effect is …

The influence of financial deepening on income inequality in developed economies is studied with particular interest in … economies (Kunieda et al., 2014) and extending its implications for the top-income shares, it is shown that a simultaneous … growth rate increases inequality, as measured by both the Gini index and the top-income shares. To establish the effect on …

We study the distribution of savings from mortgage refinancing across income groups during the COVID-19 pandemic …. Between February and June 2020, the difference in savings from refinancing between high- and low-income borrowers was 10 times … estimate a difference of $5 billion in savings from refinancing between the top quintile of the income distribution and the …

cities with lower intergenerational income mobility, implying that common factors drive both. Finally, existing measures of …

market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the …-dynastic income inequality. Finally, it is proved that foreign equity flows benefit the initially less active stock markets more than …

. The present value of human capital is determined by all future income flows, which at the same time constitute the … individual as well as the total tax base of a nation. Therefore, the income of the productive population determines the total tax … well as the future gross income flows. The costs of public goods and the transfer expenditures have to be financed from the …