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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 …If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …
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Persistent link: https://www.econbiz.de/10012423791
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 …If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …
Persistent link: https://www.econbiz.de/10011958545
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Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …
Persistent link: https://www.econbiz.de/10013246526
Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …
Persistent link: https://www.econbiz.de/10012477955