Showing 1 - 10 of 122
We study the link between culturally inherited household structure and wealth distribution in international comparisons … distribution. Imposing the Spanish household structure to the US wealth distribution has little effect on summary measures of … between these wealth distribution differences and wealth composition. Finally, we present results for the within …
Persistent link: https://www.econbiz.de/10005136407
-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We …
Persistent link: https://www.econbiz.de/10005662104
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After …
Persistent link: https://www.econbiz.de/10008509469
We consider a pure exchange economy, where for each good several trading institutions are available, only one of which is market-clearing. The other feasible trading institutions lead to rationing. To learn on which trading institutions to coordinate, traders follow behavioural rules of thumb...
Persistent link: https://www.econbiz.de/10005666746
The use of payment cards, either debit or credit, is becoming more and more widespread in developed economies. Nevertheless, the use of cash remains significant. We hypothesize that the lack of card acceptance at the point of sale is a key reason why cash continues to play an important role. We...
Persistent link: https://www.econbiz.de/10011083353
This Paper demonstrates that women search longer for their first or second husband in cities with higher male wage inequality, and analyses several explanations for this result. A causal link is established by showing that the results are robust to the inclusion of city fixed-effects and...
Persistent link: https://www.econbiz.de/10005504574
income growth, wealth inequality and political participation. We predict that developing countries will tend to overinvest in …
Persistent link: https://www.econbiz.de/10005504686
This paper provides a quantitative assessment of the effects of inflation through changes in the value of nominal assets. We document nominal positions in the US across sectors as well as different groups of households, and estimate the redistribution brought about by a moderate inflation...
Persistent link: https://www.econbiz.de/10005789015
The paper computes lifetime welfare functions for French and American workers. For the vast majority of workers, we find that the lifetime discrepancy between the welfare of an employed and that of an unemplyed worker appear to quite similar in the two countries, corresponding to nine monthly...
Persistent link: https://www.econbiz.de/10005791313
What drives people's support of governmental reduction of income inequality? We employ data from a large international survey in order to evaluate the explanatory power of three competing forces, referred to as the ‘homo oeconomicus effect’, the ‘public values effect’, and the ‘social...
Persistent link: https://www.econbiz.de/10005791645