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Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the … decrease in rates of return seems to contradict claims that, due to an increase in both financial and inherited wealth, we are …
Persistent link: https://www.econbiz.de/10013337381
This report summarises the methodologies used in the fourth wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in all 19 euro area countries, as well as in the Czech Republic, Croatia and Hungary. The total sample...
Persistent link: https://www.econbiz.de/10014314597
individuals' fairness perceptions regarding wealth inequality. It begins from the premise that prominent measures of inequality …'s contribution highlights the importance of 'intuitive' measures of political matters such as wealth inequality. It further indicates …
Persistent link: https://www.econbiz.de/10014314736
Despite its relevance in 19th-century economics, wealth -its accumulation, composition, and distribution- has largely …, Italy presented a historically high value of total private wealth but had relatively small relevance in total bequests flows … in proportion to national income. Then, we present novel estimates of wealth concentration between 1863 and 1914 …
Persistent link: https://www.econbiz.de/10014439450
Inheritance and gift taxation vary widely among countries in both the design and tax burden. We analyze the impact of a series of factors, such as the country's affluence, political preferences, preferences for equity, aging ratio, fiscal standing of the state, and the country's size, on...
Persistent link: https://www.econbiz.de/10014444703
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …
Persistent link: https://www.econbiz.de/10014564314
wealth and thus vary in the disutility of exerting effort and spending money to earn credentials. In equilibrium, many richer …
Persistent link: https://www.econbiz.de/10013314595
, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality …
Persistent link: https://www.econbiz.de/10013009843
Wealth creation driven by R&D investment and wealth dilution caused by disconnected generations interact with …
Persistent link: https://www.econbiz.de/10012116752
This paper investigates the possibility that wealth (holdings of money) serves as a signal of ability to produce high … quality products for agents who cannot directly observe the quality of the products. A producer’s wealth may advertise past … such signaling effects may arise in equilibrium and may lead to more unequal distributions of wealth and lower welfare than …
Persistent link: https://www.econbiz.de/10003779289