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This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10011288530
We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...
Persistent link: https://www.econbiz.de/10011343080
Estimates of UK income inequality trends differ substantially according to whether estimates are based on household … top incomes in the latter, and provide improved estimates of UK inequality trends since the mid-1990s. We show there was a … marked increase in income inequality in the early 2000s that survey-based estimates do not reveal, and our conclusions are …
Persistent link: https://www.econbiz.de/10011434172
I determine UK income inequality levels and trends by combining inequality estimates from tax return data (for the … enhance comparability. For top income recipients, I estimate inequality and mean income by fitting Pareto models to the tax … with a threshold set at the 99th or 95th percentile (depending on year). Conclusions about aggregate UK inequality trends …
Persistent link: https://www.econbiz.de/10011533854
I determine UK income inequality levels and trends by combining inequality estimates from tax return data (for the … enhance comparability. For top income recipients, I estimate inequality and mean income by fitting Pareto models to the tax … with a threshold set at the 99th or 95th percentile (depending on year). Conclusions about aggregate UK inequality trends …
Persistent link: https://www.econbiz.de/10011521081
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10010459794
Estimates of UK income inequality trends differ substantially according to whether estimates are based on household … top incomes in the latter, and provide improved estimates of UK inequality trends since the mid-1990s. We show there was a … marked increase in income inequality in the early 2000s that survey-based estimates do not reveal, and our conclusions are …
Persistent link: https://www.econbiz.de/10011452217
UK official statistics on income distribution have incorporated top-income adjustments to household survey data since 1992. This article reviews the work undertaken by the Department for Work and Pensions and the Office for National Statistics, and the academic research that influenced them, and...
Persistent link: https://www.econbiz.de/10012800569
natural experiment in scale-related technological change. The resulting inequality changes are consistent with superstar …
Persistent link: https://www.econbiz.de/10012803709
I focus on one of the most-commonly-cited 'facts'; about UK income inequality - that it has changed little over the … last 30 years - and reflect on how robust that description is. I look at a number of fundamental issues in inequality … measurement related to inequality concepts (e.g., inequality aversion, relative versus absolute inequality, and inequality of …
Persistent link: https://www.econbiz.de/10012804418