Showing 1 - 10 of 1,192
policy design did take seriously the problem of inequality? Using official documents such as transcripts of Roosevelt … recovery in the 1930s, especially the New Deal. The role of income inequality before and during the Great Depression, however …, has almost never been discussed thoroughly. This paper attempts to answer two questions. Firstly, was inequality perceived …
Persistent link: https://www.econbiz.de/10011477411
wealth and income inequality at the cost of negative effects on capital, labor, and output. Finally, these theoretical …
Persistent link: https://www.econbiz.de/10012389033
Using agent-based simulation methods we explore the interplay between income distribution, personal insolvency regulations and household borrowing focusing on the effects on macroeconomic dynamics. In order to capture the empirically observed distribution of income and wealth, we model them by...
Persistent link: https://www.econbiz.de/10011515970
The paper examines the determinants of income and wealth inequality in a Kaldorian model where the profit share adjusts … increasing inequality in income and wealth since the early 1980s, including the shift of the power relation in corporate firms in … growth reduces inequality of income and wealth in this Kaldorian framework. …
Persistent link: https://www.econbiz.de/10011522149
This paper analyses the joint long-run evolution of wealth and income inequality. We show that top wealth and income …
Persistent link: https://www.econbiz.de/10013202036
to a reduction of the long-run gap between wealth and income inequality compared to the period before. In the short …-run, income inequality drives wealth inequality, while the converse link is weaker and slower. Using counterfactual simulations …, we find that the recent rise in wealth inequality in the US is largely attributable to the contemporary increase in …
Persistent link: https://www.econbiz.de/10011929816
This paper analyses the joint long-run evolution of wealth and income inequality. We show that top wealth and income …
Persistent link: https://www.econbiz.de/10013406476
reduction in US corporate tax rates can generate the joint evolution of rising wealth inequality, rising capital-output ratio …
Persistent link: https://www.econbiz.de/10012968634
income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality … of wealth inequality. The paper thereby provides a possible explanation for the instability of demand regimes over time. …
Persistent link: https://www.econbiz.de/10012182882
Persistent link: https://www.econbiz.de/10011407475