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wealth might therefore exacerbate the consequences of labor market inequality. … attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e …
Persistent link: https://www.econbiz.de/10011613150
financial literacy and business ownership for the increase in wealth inequality between college and non-college households. …Using new long-run microdata, this paper studies wealth and income trends of college and noncollege households in the … United States since 1956. We document the emergence of a substantial college wealth premium since the 1980s, which is …
Persistent link: https://www.econbiz.de/10012031017
This paper is the first to compare global trends in income and wealth inequality this century. It is based on large … one half - of wealth inequality. Broadly similar results are found for different years and different inequality indices …, within-country wealth inequality has risen, halting the downward shift in global wealth inequality and raising the share of …
Persistent link: https://www.econbiz.de/10011947029
recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data … from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … both income and wealth following the sharp decline in house prices that occurred since 2008, with house price fluctuations …
Persistent link: https://www.econbiz.de/10012111075
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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/10011927150
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