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Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality … approach by focusing on different functions of wealth. We operationalize functions of wealth by empirically analyzing the … on these decisive functions of wealth aligns well with the wealth distribution, in ways that vary considerably across …
Persistent link: https://www.econbiz.de/10013370140
The rapid widening of intergenerational wealth inequalities has led to sharp differences in living standards in Great … Britain. Understanding which components of wealth are driving such inequalities is important for improving wealth and social … mobility. We show the change in the intergenerational persistence in wealth in Great Britain is due to inequality in offspring …
Persistent link: https://www.econbiz.de/10013468439
wealth and income distribution can significantly diverge. We measure ex-ante IOp in net wealth for Germany using data from …While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … wealth before effort is exerted. The SOEP allows for a direct mapping from individual circumstances to individual net wealth …
Persistent link: https://www.econbiz.de/10014374802
Periods of rapid economic growth in developing countries have been well studied in terms of poverty and income … intragenerational mobility in Peru using an asset-based measure of wealth and longitudinal data from the Young Lives project (2002 … after controlling for a comprehensive set of household characteristics that impact their ability to accumulate wealth. We …
Persistent link: https://www.econbiz.de/10014469414
wealth and income distribution can significantly diverge. We measure ex-ante IOp in net wealth for Germany using data from …While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … wealth before effort is exerted. The SOEP allows for a direct mapping from individual circumstances to individual net wealth …
Persistent link: https://www.econbiz.de/10014469604
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 distribution of income and wealth. The results indicate that the percentage of …
Persistent link: https://www.econbiz.de/10010460699
in Germany using individual wealth data from the German Socio-Economic Panel for the years 2002, 2007 and 2012. Employing …Departing from the implication of the basic life cycle model that substantial wealth inequality may arise simply … because of differences in age, at first, we investigate the quantitative importance of age as a source of wealth differences …
Persistent link: https://www.econbiz.de/10011742395
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of … top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within …
Persistent link: https://www.econbiz.de/10010286273
Income inequality in China is severe; measured by the Gini-coefficient it amounted to 0.46 in 2011; wealth distribution … change from "nation" to "people" indicates that the political decision-makers in China accepted the aim of a fair income … will within a decade confront Chinese politicians with the same problems as it does right now in Germany. In order to …
Persistent link: https://www.econbiz.de/10009526191
for income). Wealth distribution has changed significantly over time, favouring elderly rather than young households. The …The paper describes first the evolution in total household wealth in Italy over the period 1965-2010 before addressing … the analysis of wealth inequality. On the basis of reconstructed data, we show that household wealth inequality declined …
Persistent link: https://www.econbiz.de/10013107381