Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top … incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent … incomes, including how income gets redistributed as the rich get richer. …

This paper examines the phenomenon of real-income stagnation (in which real-income growth is uninterruptedly negligible …. Real income stagnation is a conceptually distinct phenomenon from low average growth and other features of the growth … sequence that have been previously considered. We find that real income stagnation has affected a significant number of …

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …

Aim/purpose - This paper aims to examine with new empirical evidence the joint relationships between violence, income … inequality, and real income per capita in a simultaneous equation framework using a worldwide sample at the country level. Design …, the results confirm a strong positive relationship between violence and income inequality. Conversely, a negative but non …

Functional income distrib ... …

We revisit Lipset's law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

. Based on a comprehensive new database, I find that wealth-income ratios have fluctuated by large margins in the twentieth … (relative to national income) that was seen during sharp economic downturns in interwar colonial India. The long run 1939-2012 U … shaped trajectories of wealth-income ratios are reasonably explained by a mid century asset price slowdown and the return of …

This paper reviews the evidence on how households in Sub-Saharan Africa segment along consumption, income and earning … importance of home-grown food in the income and consumption of households well up the income distribution, the lack of formal … financial inclusion for all but the richest households, and the importance of non-wage income. These stylized facts suggest that …

income" concept and similar series. We find that the guide to its construction appearing on the WB data portal to be sketchy … exchange rate during the interim period. The latter feature injects an element of randomness in the resulting income concept to …. Consequently, we recommend replacing the market rate by its "smoothed" version to render the resulting income series more reliable. …