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Reproducing the socio-spatial structure of cities is one of the challenges facing the standard urban economics model of Alonso, Muth, Mills (AMM model). In a widely cited paper, Jan K. Brueckner, Jacques-François Thisse and Yves Zenou (1999) asked "Why is central Paris rich and downtown Detroit...
Persistent link: https://www.econbiz.de/10012491261
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … tool for fighting wealth inequality without having distorting effects for the economy. For this purpose, the distributional …
Persistent link: https://www.econbiz.de/10012419216
Our very simple two agent New Keynesian model is highly stylised. It consists of an entrepreneur, who owns the economies' firms, consumes and saves, but does not work (or does not receive wage income), while the worker consumes and works, but cannot save. The allocation of the ability to save...
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Top distributions of income and wealth are still incompletely measured in many national statistics, particularly when using survey data. This paper develops the technique of incorporating the joint distributional relationship to enhance the estimation of these two top distributions. We leverage...
Persistent link: https://www.econbiz.de/10012438173
for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … inequality by about 0.7 percentage points (measured by top 10 percent share). Average welfare increases by about 0.5 percent …
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that an increase in unemployment benefits leads to a rise in steady state wealth inequality measured by the Gini …
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