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Most methods for the analysis of distributional change rely on the changes in the income of a particular group of … standard against a richer group, thereby capturing a notion of change in relative income, which embodies the influence of … others' wellbeing on the judgment of the group's own situation. The indices, and related relative income change (RIC) curves …
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This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
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This study provides new evidence on top income shares in Germany from the period of industrialization to the present …. Income concentration was high in the nineteenth century, dropped sharply after World War I and during the hyperinflation … II, German top income shares returned to 1920s levels. The German pattern stands in sharp contrast to developments in …
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Public debates about the rise in top income shares often focus on the growing dispersion in earnings and the soaring … own explain the rise in top income shares? Are top executives replacing capital owners in the group of top-income earners … framework and uses it for exploring the changing composition of top incomes. It illustrates that changes in top income shares …
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