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Persistent link: https://www.econbiz.de/10011795990
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
income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence … social inequality than the traditional 'income only' approach. We find that cross-country variations in the dependence … parameter effectively accounts only for a small fraction of cross-country differences in a bivariate measure of inequality. The …
Persistent link: https://www.econbiz.de/10011295514
Much of the literature on inequality, both that on the theoretical features of inequality measurement and that on the … discussion of the results of empirical analysis, has preferred to focus on income inequality. This paper looks into the analysis … of wealth inequality, which can be performed by carefully adapting the techniques used in the case of income …
Persistent link: https://www.econbiz.de/10012137161
; wealth distribution ; inequality ; exchange economies ; money …
Persistent link: https://www.econbiz.de/10003905043
We use an agent-based stock-flow consistent model of a closed economy without technological change that considers different classes of households, status consumption and a Minskyan banking sector to analyze the relationship between rising saving rates, the accumulation and distribution of...
Persistent link: https://www.econbiz.de/10012818125
Persistent link: https://www.econbiz.de/10011685305
easy-to-use toolbox. Our method extends standard linearization techniques and is designed to work in cases when inequality … factor-specific productivity shocks shape dynamics of income and consumption inequality. …
Persistent link: https://www.econbiz.de/10011688451
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Persistent link: https://www.econbiz.de/10014636126