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A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the lack of reliable panel data on household expenditures. One possibility is to use surveys that follow the same households over time, but such data are rare and they typically have...
Persistent link: https://www.econbiz.de/10012172449
Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and …-wealth households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality …
Persistent link: https://www.econbiz.de/10011995764
Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality …
Persistent link: https://www.econbiz.de/10010489954
This paper provides an overview of the work of the Expert Group on the Joint Distribution of Income, Consumption and Wealth at Micro Level (EG ICW) set up by Eurostat and the OECD. It discusses the challenges of producing joint income, consumption and wealth estimates, assesses their quality,...
Persistent link: https://www.econbiz.de/10014278851
Several studies have linked rising insolvency rates to increasing inequality and argued that this might be explained by …, I test whether the probability to become insolvent is related to inequality in one's reference group or to one's income … varying the definition of relevant reference groups. I find that there is a positive relationship between inequality and …
Persistent link: https://www.econbiz.de/10012385126
consumption and that the shocks we analyze reduce consumption inequality on impact. …
Persistent link: https://www.econbiz.de/10010488288
recovery in the 1930s, especially the New Deal. The role of income inequality before and during the Great Depression, however …, has almost never been discussed thoroughly. This paper attempts to answer two questions. Firstly, was inequality perceived … policy design did take seriously the problem of inequality? Using official documents such as transcripts of Roosevelt …
Persistent link: https://www.econbiz.de/10011477411
This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed …
Persistent link: https://www.econbiz.de/10011967426
recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data …
Persistent link: https://www.econbiz.de/10012111075
If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …
Persistent link: https://www.econbiz.de/10011927150