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The living conditions and well-being of the middle class are traditionally considered an expression of how society is progressing. Yet growing inequality and the polarization of incomes observed in Western countries due to globalization, the recession and rapid technological change, is leading...
Persistent link: https://www.econbiz.de/10011725474
This paper presents a methodology for comparing income rank volatility profiles over time and across distributions. While most of the existing measures are affected by changes in marginal distributions, this paper proposes a framework that is based on individuals' relative positions in the...
Persistent link: https://www.econbiz.de/10011748468
This paper uses a new age period cohort model to show that among cohorts born between 1935 and 1975, cohorts born around 1950 are significantly above the income trend in most countries. However, such inequalities between generations are much stronger in conservative, continental European welfare...
Persistent link: https://www.econbiz.de/10010257207
In comparative analysis, we know that shape of income distribution are variable and broadly related to typesf welfare capitalism. Here, we expand on the socio-economic regimes literature and show almost perfect similarity between varieties of capitalism (VoC) and varieties of distributions...
Persistent link: https://www.econbiz.de/10011539840
The living conditions and well-being of the middle class are traditionally considered an expression of how society is progressing. Yet growing inequality and the polarization of incomes observed in Western countries due to globalization, the recession and rapid technological change, is leading...
Persistent link: https://www.econbiz.de/10011563118
This paper uses age-period-cohort models to show that the living standards (total monetary incomes after public benefits and contributions, adjusted for household size and inflation) of successive birth cohorts in the United States and Germany are strongly correlated with general changes in...
Persistent link: https://www.econbiz.de/10010465437
Persistent link: https://www.econbiz.de/10001466203
Persistent link: https://www.econbiz.de/10001247530
Over the last three decades, the wealth-to-income ratio (WIR) in many Western countries, particularly in Europe and North America, increased by a factor of two. This represents a defining empirical trend: a rewealthization (from the French repatrimonialisation) – or the comeback of (inherited)...
Persistent link: https://www.econbiz.de/10012887897
Persistent link: https://www.econbiz.de/10012241676