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Although older generations have substantially more wealth than their recent predecessors did at the same age, younger … circumstances can rationalise slowing generation-on-generation wealth growth. I find no evidence that later-born generations are less … predicted to have higher consumption, despite accumulating no greater wealth, than their predecessors because their earnings are …
Persistent link: https://www.econbiz.de/10014373405
nine percent. We find similar percentages for earnings, income, and wealth. Decomposing intergenerational elasticities … reveals that shared environments explain 50% for earnings, 60% for income, 70% for wealth, and 80% for schooling. Family …
Persistent link: https://www.econbiz.de/10014394210
on inequality, including the debate on Thomas Piketty's book. We argue that four 'engines of inequality' can be …After much empirical documentation of patterns of inequality, we address in this paper the need for a convincing … interpretation of the causes of inequality in advanced countries. We set the current debate in the context of the evolution of ideas …
Persistent link: https://www.econbiz.de/10011304046
According to the Kuznets hypothesis, inequality first tends to increase and then decrease as a country develops … 'development' is expected to display the same inverted-U shape. We suggest that the existence of a Kuznets inequality of …. Whether borne out empirically, this inverted-U Kuznets curve, as a stylized 'fact', has shaped the discourse on economic …
Persistent link: https://www.econbiz.de/10015395472
bias in the treatment of the contributions of the parties. The Piketty inequality here is the share in total welfare … inequality in initial contributions if the qualitative bias is zero. The rising Piketty inequality requires that the qualitative … accruing to the richer party over total welfare attained at agreement point. We show that this inequality can never exceed the …
Persistent link: https://www.econbiz.de/10010402572
While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … and for a detailed decomposition of net wealth inequality into a variety of circumstances; among them childhood background … that about 62% of the inequality in net wealth is due to circumstances. The most important circumstances are …
Persistent link: https://www.econbiz.de/10014390537
inequality. In high income countries, the evidence that income (wealth) does have a causal impact on health in adulthood is weak … distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence … difficult to gauge the magnitude of the contribution this makes to income inequality. Variation in exposure to health risks …
Persistent link: https://www.econbiz.de/10010224791
education and wealth increasing or decreasing in the 20-year interval between 1991 and 2010?'. Horizontal inequality in … other sub-national regions. However, Tanzanian society is becoming more unequal in wealth with rising wealth inequality …This study uses five series of demographic and health surveys to answer the question: 'Is horizontal inequality in …
Persistent link: https://www.econbiz.de/10011554634
and mapping indicators of horizontal wealth inequality along geographic regions and ethnolinguistic identities. Using …This study seeks to add to the research on inequality in least developed countries, namely in Mozambique, by measuring … census data for 1997, 2007, and 2017, we identify possible intersecting inequalities, measuring between-group inequality …
Persistent link: https://www.econbiz.de/10012550308
financial literacy and business ownership for the increase in wealth inequality between college and non-college households. …Using new long-run microdata, this paper studies wealth and income trends of college and noncollege households in the … United States since 1956. We document the emergence of a substantial college wealth premium since the 1980s, which is …
Persistent link: https://www.econbiz.de/10012031017