Showing 1 - 10 of 7,406
We characterize the distribution of permanent-income and quantify the value of assets and human capital in lifetime … state-dependent stochastic discounting and unobserved heterogeneity. The approach imposes no restrictions on income …% share of permanent-income was 1/3 lower than the corresponding share of assets; (ii) however, since 1989, the top 10% share …
Persistent link: https://www.econbiz.de/10012183332
human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance …
Persistent link: https://www.econbiz.de/10013382060
Do individuals choose their reference groups, i.e. their Joneses, or are they culturally transmitted across generations? We provide evidence that feeds the theoretical debate about the endogeneity or exogeneity of reference groups. Our findings for Uruguay suggest that reference groups are...
Persistent link: https://www.econbiz.de/10013382465
household surveys by combining information on income shares from household surveys and top income shares from tax data. The … methodology relies on a flexible parametric functional form that models the income distribution for each country-year point under … and 42 per cent, depending on the period of analysis, and the assumed level of truncation of the income distribution. …
Persistent link: https://www.econbiz.de/10011525394
This paper investigates the impact of heterogeneous wealth on credit allocation from an egalitarian opportunity and an efficiency point of view. Under asymmetric information on both wealth and the responsibility variable there is no trade-off between equality and efficiency, actually wealth...
Persistent link: https://www.econbiz.de/10013065158
This paper investigates the impact of heterogeneous wealth on credit allocation from an egalitarian opportunity and an efficiency point of view. Under asymmetric information on both wealth and the responsibility variable there is no trade-off between equality and efficiency, actually wealth...
Persistent link: https://www.econbiz.de/10011734107
We examine the relationship between income and health with the purpose of establishing the extent to which the … distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence … supports a significant and substantial impact of ill-health on income mainly operating through employment, although it is …
Persistent link: https://www.econbiz.de/10010224791
This paper is a review of the post-war literature on income distribution and development. It argues that the literature …
Persistent link: https://www.econbiz.de/10014024196
Some middle-income economies, many of which Latin American, have not achieved to make the transition into high-income … status for long years and are allegedly trapped in middle-income status. While there is considerable consensus on the … supporting growth convergence of middle-income countries. …
Persistent link: https://www.econbiz.de/10011957945
In this paper, we propose a new multidimensional inequality index that satisfies a fundamental set of desired properties. We discuss the case where the social evaluation function of welfare depends simultaneously on unidimensional and multidimensional forms of inequality. We show how this mixed...
Persistent link: https://www.econbiz.de/10014201975