Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and, hence, miss the important synergy among the three measures explicit in the life-cycle budget constraint. Using Panel Study of Income Dynamics data from 1999 through 2013, we...

Globalisation and its related social, economic and political challenges is making the South African business environment ever more competitive, with firms finding that agility, flexibility and continuous self-renewal are essential to maintain their positions. To exploit their current competitive...