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Why are some people wealth rich while others are poor? To what extent can governments affect inequality? Which instruments should they use? Answering these questions requires understanding why people save. Dynamic quantitative models of wealth inequality can help us to understand and quantify...
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Poland over the 1983-2015 period. We find that official survey-based inequality estimates substantially underestimate the … share from 4% to 14% between 1989 and 2015. Frequently quoted Poland's transition success has largely benefited top income …. However, the transition from communism to capitalism has led to lower income concentration in Poland than in Russia. We relate …
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public pension wealth and augmented wealth in Poland. The public pension system significantly decreases wealth inequality … results obtained for other countries, the impact of the public pension system on wealth inequality in Poland is rather strong …
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Using university admission cutoffs that generate exogenous variation in college-major choices, we provide causal evidence that enrollment in a business or economics program leads individuals to invest significantly more in the stock market, earn higher portfolio returns, and ultimately...
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