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If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …
Persistent link: https://www.econbiz.de/10012154138
on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios … wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … processes or utility. Accounting for the value of human capital delivers a different view of inequality: (i) in 2016 the top 10 …
Persistent link: https://www.econbiz.de/10012431054
A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics … provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing …
Persistent link: https://www.econbiz.de/10012431070
evasion and its implications for the measurement of wealth inequality. In contrast to Alstadsæter, Johannesen and Zucman (2019 …), the correction for offshore wealth has only a modest effect on top wealth shares. We show that the distributional pattern … and document large and sustained increases in reported wealth of around 60% following amnesty participation.Combined with …
Persistent link: https://www.econbiz.de/10012507650
of wealth inequality, which can be performed by carefully adapting the techniques used in the case of income … distributions. The paper focuses on the measurement of inequality itself and includes an application to European data on wealth. We … wealth inequality measures, gaining an understanding of the contributions of inequality by wealth component and socio …
Persistent link: https://www.econbiz.de/10012521163
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