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Capital income shares and income inequality in 16 EU member countries

Schlenker, Eva; Schmid, Kai D. - 2014 - This version: October 2014

In this paper, we estimate the effect of changes in capital income shares on inequality of gross household income. Using EU-SILC data covering 16 EU countries from 2005 to 2011 we find that the level of capital income shares is positively associated with the concentration of gross household...

Persistent link: https://www.econbiz.de/10010419781

Financialisation and the financial and economic crises : the case of Germany

Detzer, Daniel; Hein, Eckhard - 2014

This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...

Persistent link: https://www.econbiz.de/10010433934

Inequality and the New Deal

Belabed, Christian A. - 2016

- und Topvermögensungleichheit, also die personelle Einkommensverteilung, kein bedeutendes politisches Thema waren. Die …

Persistent link: https://www.econbiz.de/10011477411

Factor Shares and Income Inequality — Empirical Evidence from Germany 2002-2008

Adler, Martin - 2012

We examine the interplay between changes in the functional distribution of income and the distribution of market income among households. We use micro data from the German Socio-Economic Panel as well as macro data from the German Federal Statistical Office from 2002 to 2008. We categorize and...

Persistent link: https://www.econbiz.de/10013101862

Income Shares, Secular Stagnation, and the Long-Run Distribution of Wealth

Petach, Luke - 2019

; (ii) a decline in labor productivity; (iii) an increase in the top 1% wealth share, and (iv) an increase in the capital … productivity growth because of the lessened incentives to innovate to save on labor costs. A falling labor share reduces workers … on accumulation: but the long-run growth rate, which is anchored to labor productivity growth, has fallen. To restore …

Persistent link: https://www.econbiz.de/10012899007

Business Incomes at the Top

Kopczuk, Wojciech - 2020

Business income constitutes a large and increasing share of income and wealth at the top of the distribution. We discuss how tax policy treats and shapes how businesses are organized and how they distribute economic gains to owners, with the focus on closely-held and pass-through firms. These...

Persistent link: https://www.econbiz.de/10012824219

Persistent Heterogeneous Returns and Top End Wealth Inequality

Cao, Dan - 2017

We document in US data that returns to wealth across households are significantly heterogeneous, and persistently so. Motivated by this observation, we build a tractable general equilibrium model where households face persistent idiosyncratic returns to study the US wealth distribution. We show...

Persistent link: https://www.econbiz.de/10012968634

Income Polarization in the United States

Alichi, Ali - 2016

The paper uses a combination of micro-level datasets to document the rise of income polarization - what some have referred to as the 'hollowing out' of the income distribution - in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather...

Persistent link: https://www.econbiz.de/10012977856

Manufacturing Jobs and Inequality : Why is the U.S. Experience Different?

Novta, Natalija - 2019

We examine the extent to which declining manufacturing employment may havecontributed to increasing inequality in advanced economies. This contribution is typicallysmall, except in the United States. We explore two possible explanations: the high initialmanufacturing wage premium and the high...

Persistent link: https://www.econbiz.de/10012860990

A Case for Redistribution? Income Inequality and Wealth Concentration in the Recent Crisis

Goda, Thomas - 2014

Several Nobel laureates economists have called for redistributive policies. This paper shows that there is a strong case for redistributive policies because the global increase of income inequality and wealth concentration was an important driver for the financial and Eurozone crisis. The high...

Persistent link: https://www.econbiz.de/10013048507