This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …

This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that the percentage of …

A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably … model of Krusell and Smith (1998) to accommodate such a microeconomic income process. Our incorporation of substantial … permanent income shocks helps our model to explain a substantial part of the large degree of empirical wealth heterogeneity that …

The income gradient in political participation is a widely accepted stylized fact. This article asks how income effects … on political involvement unfold over time. Using nine panel datasets from six countries, it analyzes whether income … income has an independent influence. Irrespective of indicator, specification, and method (hybrid models, inclusion of lags …