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China's income inequality has been largely overlooked as the economy moves rapidly toward the Kuznets curve peak. This paper … find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … negative impact on growth but has a positive impact on saving, and that inequality is a stronger factor than growth in …
Persistent link: https://www.econbiz.de/10010738018
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
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/10012059607
Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality …
Persistent link: https://www.econbiz.de/10010489954
Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...
Persistent link: https://www.econbiz.de/10012815305
Unique administrative data on a representative population's cognitive abilities, spending, and financials reveal that consumers at or below median cognitive abilities barely react when their incentives to spend or borrow change, even if they earn high incomes and are financially unconstrained...
Persistent link: https://www.econbiz.de/10014285743
Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...
Persistent link: https://www.econbiz.de/10012617622
Unique administrative data on a representative population's cognitive abilities, spending, and financials reveal that consumers at or below median cognitive abilities barely react when their incentives to spend or borrow change, even if they earn high incomes and are financially unconstrained...
Persistent link: https://www.econbiz.de/10014283722
This paper studies the effect of deep recessions on intergenerational inequality by quantifying the welfare effects on …
Persistent link: https://www.econbiz.de/10012422171
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/10012615442