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, each factor, along with a history of racism and discrimination has contributed to the extreme wealth inequality in America … other sources, this paper presents seven economic facts about the racial wealth gap in the U.S. We present data on racial … between Black households and White households. While none of the economic factors listed fully explains the racial wealth gap …
Persistent link: https://www.econbiz.de/10013279332
across generations. We discuss the implications of these findings for several strands of the wealth inequality debate. …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are …
Persistent link: https://www.econbiz.de/10012030523
less wealth. …
Persistent link: https://www.econbiz.de/10012426310
theimplications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth …
Persistent link: https://www.econbiz.de/10012912494
implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are …
Persistent link: https://www.econbiz.de/10012913195
Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being in permanent … negative shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as …
Persistent link: https://www.econbiz.de/10014463162
Although older generations have substantially more wealth than their recent predecessors did at the same age, younger … circumstances can rationalise slowing generation-on-generation wealth growth. I find no evidence that later-born generations are less … predicted to have higher consumption, despite accumulating no greater wealth, than their predecessors because their earnings are …
Persistent link: https://www.econbiz.de/10014373405
Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being a permanent worker … shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as an …
Persistent link: https://www.econbiz.de/10014416055
light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …
Persistent link: https://www.econbiz.de/10015066903
on inequality, including the debate on Thomas Piketty's book. We argue that four 'engines of inequality' can be …After much empirical documentation of patterns of inequality, we address in this paper the need for a convincing … interpretation of the causes of inequality in advanced countries. We set the current debate in the context of the evolution of ideas …
Persistent link: https://www.econbiz.de/10011335951