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billionaires acquired wealth through political connections, the effect of politically connected wealth inequality is negative …A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … inequality from Forbes magazine's listing of billionaires and compare its effect on growth to the effects of income inequality …
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heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …
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What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …
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The wealth possessed by households, identifiable as so-called net worth, varies greatly in quantity and form between … different socioeconomic contexts. We describe several forms of wealth typically owned by consumer households, considering their … economic and social effects. We analyze the economic role of the wealth forms that compose the households’ net worth (real and …
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