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Using taxation statistics, we estimate the income share held by top income groups in Australia over the period 1921-2002. We find that the income share of the richest fell from the 1920s until the mid-1940s, rose briefly in the post-war decade, and then declined until the early-1980s. During the...
Persistent link: https://www.econbiz.de/10012733998
or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the … strength of a bequest motive; ultimately with no unequivocal effect of LTV ratios on wealth inequality. These trade-offs are …
Persistent link: https://www.econbiz.de/10012953918
or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the … strength of a bequest motive; ultimately with no unequivocal effect of LTV ratios on wealth inequality. These trade-offs are …
Persistent link: https://www.econbiz.de/10012953956
We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and … risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth …
Persistent link: https://www.econbiz.de/10012901496
Race and ethnic wealth differentials are wide and increasing. Some of the gaps are associated with education … Hispanic families. As of 2013, the median wealth of Black college graduate families had fallen to only 13 percent of the median … wealth of White families. One possible explanation is the significantly lower shares of married couple and married parent …
Persistent link: https://www.econbiz.de/10012902282
Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …
Persistent link: https://www.econbiz.de/10012891951
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for …. Changes in the perceived economic importance of inherited wealth and altered views on whether luck matters most for economic …
Persistent link: https://www.econbiz.de/10012892104
As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly … affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …'s aristocratic wealth has experienced more negative shocks since WWII, social stratification is perceived as less acute, and half of …
Persistent link: https://www.econbiz.de/10012898443
Between 1953 and 1985 India implemented various progressive taxes on personal wealth. I use estate tax returns to … compute top wealth shares (top 1%, top 0.1% and top 0.01%) over 1966- 1985; a period marked explicitly by a dirigiste policy … environment. These new series suggest that wealth concentration in India reduced substantially during the 1970s. Although the …
Persistent link: https://www.econbiz.de/10012898790
housing quality of consumers who receive intra-family wealth transfers to those that do not. Our analysis is based on … household-level panel data providing information on the receipt of wealth transfers, changes in tenure status as well as changes … in the size and quality of housing. On average we find that the receipt of a wealth transfer increases the propensity of …
Persistent link: https://www.econbiz.de/10012935546