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% of the super-rich are heirs-a fraction twice as large as in the US-and that wealth mobility at the very top has declined … significantly. We find that top 0.01% wealth shares are higher than previous estimates based on wealth tax statistics suggest. At … the same time, we argue that rich list data lead to overestimating wealth inequality. While rich lists are valuable to …
Persistent link: https://www.econbiz.de/10014490904
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10003919894
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10008697799
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10003944651
We argue that perceived fairness of the income generation process affects the association between income inequality and subjective well-being, and that there are systematic differences in this regard between countries that are characterized by a high or, respectively, low level of actual...
Persistent link: https://www.econbiz.de/10009721827
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10010258037
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10013136696
We argue that perceived fairness of the income generation process affects the association between income inequality and subjective well-being, and that there are systematic differences in this regard between countries that are characterized by a high or, respectively, low level of actual...
Persistent link: https://www.econbiz.de/10013011116
This paper explores the perceptions of inequality and their associations with social mobility exploiting the ISSP and LiTS cross-country data sets. These perceptions vary across countries as well as across individuals within countries. We try to explain this variation by examining the diverse...
Persistent link: https://www.econbiz.de/10013040179
Money parents give their adult children may be important for the financing of a child’s education or a first home, relaxing binding credit constraints or responding to a transitory income shock. Financial transfers however, may extend economic disparities across generations if the wealthy...
Persistent link: https://www.econbiz.de/10014199245