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Still the Lands of Equality? On the Heterogeneity of Individual Factor Income Shares in the Nordics

Iacono, Roberto; Palagi, Elisa - 2021

As far as standard measures of income inequality are concerned, the Nordic countries rank among the most equal economies in the world. This paper studies whether and how this picture changes when the focus is on inequality of income composition, meaning the heterogeneity in individuals’ factor...

Persistent link: https://www.econbiz.de/10013235498

When Aiyagari meets Piketty : Growth, Inequality and Capital Shares

Juuti, Toni; Heimonen, Kari; Junttila, Juha-Pekka; … - 2021

We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent growth of per capita GDP when the capital share...

Persistent link: https://www.econbiz.de/10013239632

Inequality-constrained monetary policy in a financialized economy

Fierro, Luca Eduardo; Giri, Federico; Russo, Alberto - 2023

We study how income inequality affects monetary policy through the inequality-household debt channel. We design a minimal macro Agent-Based model that replicates several stylized facts, including two novel ones: falling aggregate saving rate and decreasing bankruptcies during the household's...

Persistent link: https://www.econbiz.de/10013548811

Jealous of the Joneses : Conspicuous Consumption, Inequality, and Crime

Hicks, Daniel L. - 2012

Empirical research on the relationship between economic inequality and crime has focused on income inequality, despite the fact that income is not easily observed. We extend this literature by shifting the focus from income to its visible manifestation – conspicuous consumption. Using...

Persistent link: https://www.econbiz.de/10013099144

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

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

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

Interest Rates and Inequality : Does the Choice of Inequality Measure Matter?

Fagerstrom, Matthew - 2022

Since the 1980s, interest rates have declined in many of the world’s advanced economies. Concurrently, capital’s share of income and both income and wealth inequality have risen. Although there is a growing literature on the relation between monetary policy and inequality, no study has...

Persistent link: https://www.econbiz.de/10014236649

Capital income shares and income

Schlenker, Eva; Schmid, Kai D. - 2013

In this paper, we measure the effect of changing capital income shares upon inequality of gross household income. Using EU-SILC data covering 17 EU countries from 2005 to 2011 we find that capital income shares are positively associated with the concentration of gross household income. Moreover,...

Persistent link: https://www.econbiz.de/10010201648

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