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main patterns of inequality, between and within the social groupings. We find that the effects of peer pressure on within …-group inequality differ between groups. We also find that wealth and consumption inequality increase within groups who aspire to match … social targets from a higher class, despite a reduction in within-group inequality in hours and earnings. …
Persistent link: https://www.econbiz.de/10012103597
financial literacy and business ownership for the increase in wealth inequality between college and non-college households. …
Persistent link: https://www.econbiz.de/10012031017
This paper quantifies the impact of borrowing constraints on consumption and earnings inequality in a life-cycle model … inference to estimate the model parameters, and show that wealth inequality causes both placement into lower-paying jobs as well …
Persistent link: https://www.econbiz.de/10011963363
This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed …
Persistent link: https://www.econbiz.de/10011967426
recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data …
Persistent link: https://www.econbiz.de/10012111075
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
We use CHIP data from 1995, 2002, and 2013 to investigate inequality in urban household consumption expenditures …. Overall inequality in urban household consumption expenditures measured by the Gini coefficient decreased slightly from 0 … to a greater extent. However, the percentile ratio of p90/p10 shows that consumption inequality always increased. In …
Persistent link: https://www.econbiz.de/10011876575
affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest …
Persistent link: https://www.econbiz.de/10011877402
residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in … distribution. Another important issue is whether housing-related policies raise potential trade-offs between equity, or inequality …
Persistent link: https://www.econbiz.de/10012202943
processes or utility. Accounting for the value of human capital delivers a different view of inequality: (i) in 2016 the top 10 … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
Persistent link: https://www.econbiz.de/10012183332