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This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
Persistent link: https://www.econbiz.de/10010349913
income and wealth microdata samples designed to be representative of all countries in the world. Measured by the Gini …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 …
Persistent link: https://www.econbiz.de/10011947029
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …
Persistent link: https://www.econbiz.de/10010211159
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, with the exception of …
Persistent link: https://www.econbiz.de/10011288530
inequality. In high income countries, the evidence that income (wealth) does have a causal impact on health in adulthood is weak …
Persistent link: https://www.econbiz.de/10010224791
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/10010459794
A key question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in analyzing this … issue, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes … political connections in generating wealth, entrepreneurs who did not use such connections, and those who inherited wealth. We …
Persistent link: https://www.econbiz.de/10013019067
wealth - the difference between firm's wealth (equity and debt) and capital employed. Surplus wealth rose from -$0 … 1974 - 2015. In step 2 we test the hypothesis surplus wealth is associated with IT transformed firms, establishing an …
Persistent link: https://www.econbiz.de/10012933290
. Distributional information on households' wealth is available from the Household Finance and Consumption Survey only for three points … quarterly distributional national wealth by (i) improving the alignment of survey fieldwork periods with the national accounts … time series; and (v) computing euro area aggregates. This paper finds an increase in the net wealth Gini of most euro area …
Persistent link: https://www.econbiz.de/10013285967
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …
Persistent link: https://www.econbiz.de/10013036783