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"Few topics are more certain to generate a lively debate among any group of individuals than the causes and consequences of income inequality. Economists are prone to similar, although more reasoned and empirically based, debates. This book is a curated collection of essays that explore a wide...
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the change in wealth over the period. The goal of this paper is to examine the advantages and difficulties of using this … on income and wealth to other administrative data with information on financial and real estate transactions. Using this …
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We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through … Pareto tails by positing a combination of non-homothetic, wealth-dependent preferences and scale-dependent returns to capital …
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This paper provides new empirical insights on the joint distribution of consumption, income, and wealth in three of the … that while income inequality is similar to that of the United States (US), wealth inequality is barely one-third that of … SSA as in the US, the share of total wealth accumulated by the income-rich in SSA is one-fifth of its US counterpart. The …
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