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Economic Growth and Wealth Inequality : The Role of Differential Fertility
Di Nola, Alessandro - 2018
income. As a consequence parentsreduce fertility and increase the amount of intergenerational transfers. Wealthier households …,who have ceteris paribus more offsprings, adjust their fertility decision by a greater magnitude.Therefore a persistent fall in … evidence we solve the Barro-Becker model of fertility in a setup with aggregate and idiosyncratic shocks to labour income …
Persistent link: https://www.econbiz.de/10012932960
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The Distributional Consequences of Belief Heterogeneity
McClung, Nigel - 2020
This paper studies a life-cycle model economy in which agents utilize idiosyncratic information to forecast personal income risk. Agents either inherit full information (``dynastic households") or learn to forecast lifetime income using personal employment data given incorrect initial beliefs...
Persistent link: https://www.econbiz.de/10012828088
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Distributional effects of surging housing costs under Schwabe's law of rent
Grossmann, Volker; Larin, Benjamin; Löfflad, Hans Torben; … - 2019
The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...
Persistent link: https://www.econbiz.de/10012310716
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Distributional effects of surging housing costs under Schwabe's law
Grossmann, Volker; Larin, Benjamin; Löfflad, Hans Torben; … - 2019
The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...
Persistent link: https://www.econbiz.de/10012026424
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A heterogeneous-agent model of growth and inequality for the UK
Meenagh, David; Minford, Patrick; Ynag, Xiaoliang - 2018
This paper analyses the effect of wealth inequality on UK economic growth in recent decades with a heterogeneous-agent growth model where agents can enhance individual productivity growth by undertaking entrepreneurship. The model assumes wealthy people are more able to afford the costs of...
Persistent link: https://www.econbiz.de/10011886966
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Wealth Inequality in the Long Run : A Schumpeterian Growth Perspective
Madsen, Jakob - 2018
This paper extends Piketty's analysis of the wealth-income ratio used as a proxy for wealth inequality, to allow for innovation. Drawing on a Schumpeterian (R&D-based) growth model that incorporates both tangible and intangible capital and using historical data for 21 OECD countries, we find the...
Persistent link: https://www.econbiz.de/10012913785
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Love and Money with Inheritance : Marital Sorting by Labor Income and Inherited Wealth in the Modern Partnership
Pasteau, Etienne - 2019
As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in marital choices may be undergoing change. We expand the...
Persistent link: https://www.econbiz.de/10012898443
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Love and money with inheritance : marital sorting by labor income and inherited wealth in the modern partnership
Pasteau, Etienne; Zhu, Junyi - 2018
As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in marital choices may be undergoing change. We expand the...
Persistent link: https://www.econbiz.de/10011874278
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En-Gendering Economic Inequality
Gilman, Michele E. - 2016
We live in an era of growing economic inequality. Luminaries ranging from the President to the Pope to economist Thomas Piketty in his bestselling book Capital in the Twenty- First Century have raised alarms about the disparity between the haves and the have-nots. Overlooked, however, in these...
Persistent link: https://www.econbiz.de/10012983556
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Overall Inequality Verses Wealth Based Inequality in Child Malnutrition : An Empirical Illustration for India
Sarkar, Debaprasad; Haldar, Sushil Kumar - 2014
This paper outlines a comparison empirically between overall inequality in child malnutrition (Malnutrition-Gini) and wealth based inequality in child malnutrition (Wealth-Based-Concentration Index) for Indian children. The framework by A. Wagstaff and E.van Doorslaer, 2003 is used for this...
Persistent link: https://www.econbiz.de/10014146846