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Im Lichte der Bundestagswahl widmet sich der IW-Verteilungsreport 2021 der Frage, ob die besonders in Wahlkampfzeiten oft bemühte Behauptung einer sich weiter öffnenden Einkommensschere zwischen Arm und Reich der Faktenlage standhält. Dazu wird neben der Entwicklung der Primärverteilung...
Persistent link: https://www.econbiz.de/10012628361
From standard portfolio-choice theory it is well-understood that background risk, overwhelmingly due to wage risk, is one of the central determinants of individuals’ portfolio composition: higher background risk reduces risky investments. However, if background risk is negatively correlated...
Persistent link: https://www.econbiz.de/10013210966
reduction in US corporate tax rates can generate the joint evolution of rising wealth inequality, rising capital-output ratio …
Persistent link: https://www.econbiz.de/10012968634
alternative private investments, our results indicate that they do not coincide in their impacts on income inequality and poverty … inequality and relative poverty, very much driven by the increasing share of outright ownership among the elderly. On the other … intrapersonal mobility patterns. -- Income inequality ; decomposition ; capital income ; imputed rent ; SOEP …
Persistent link: https://www.econbiz.de/10003926726
alternative private investments, our results indicate that they donot coincide in their impacts on income inequality and poverty … inequality and relative poverty, very much driven by the increasing share of outright ownership among the elderly. On the other …-occupied housing) have become increasingly important sources of economic inequality in Germany over the last two decades. Whereas the …
Persistent link: https://www.econbiz.de/10011636733
We perform various experiments correlating past changes of social indicators about a country with future stock market returns for that country. The 169 social indicators we use, which go back as far as the year 1900, are available from the Varieties of Democracy Project. We use two sets of data...
Persistent link: https://www.econbiz.de/10012957781
In this article, we shed more light on the covariances versus characteristics debate by investigating the explanatory power of the instrumented principal component analysis (IPCA), recently proposed by Kelly et al. (2019). They conclude that characteristics are covariances because there is no...
Persistent link: https://www.econbiz.de/10012231581
revealed: The rising inequality of property incomes, particularly dividends, interest, and rent, have played the most important … role in the increase of overall income inequality. Contrary to popular belief, increasing inequality of labor income plays … only a secondary role. For property incomes a simple model shows why this determining role in income inequality should …
Persistent link: https://www.econbiz.de/10012779821
This article is about the metamorphoses of aggregate Indian wealth over fifteen politically transformative decades. Based on a comprehensive new database, I find that wealth-income ratios have fluctuated by large margins in the twentieth century. In emerging India of the twenty first century,...
Persistent link: https://www.econbiz.de/10012900128
In this paper, we study the relationship between income inequality and stock market returns. We develop a quantitative … general equilibrium model that links shifts in both labour and capital income inequality to stock market variables. An …
Persistent link: https://www.econbiz.de/10012909922