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Quantifying the Impact of Red Tape on Investment: A Survey Data Approach

Pellegrino, Bruno; Zheng, Geoffery - 2023

An important strand of research in macro-finance investigates which factors impede enterprise investment, and quantifies their aggregate cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...

Persistent link: https://www.econbiz.de/10014377422

Richer or more Numerous or both? The Role of Population and Economic Growth for Top Income Shares

Krolage, Carla; Peichl, Andreas; Waldenström, Daniel - 2018

When measuring income inequality over long periods of time, accounting for population and productivity growth is … income growth than the standard measure. We apply these measures to long-term income data from the United States and find … growth since 1980 than when keeping top groups fixed. For earlier historical periods, our analysis shows that choice of …

Persistent link: https://www.econbiz.de/10011957201

Markups, Taxes, and Rising Inequality

Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022

How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key features: (i) an explicit link between firm’s market power and top income shares, (ii) a granular representation of the tax and transfer system, and (iii) three assets with...

Persistent link: https://www.econbiz.de/10014244079

Lifetime versus annual tax progressivity: Sweden, 1968-2009

Bengtsson, Niklas; Holmlund, Bertil; Waldenström, Daniel - 2012

This paper analyzes the evolution of tax progressivity in Sweden from both annual and lifetime perspectives. Using a rich micro panel with administrative records of incomes, taxes and benefits over the period 1968-2009, we calculate tax rates across the income distribution accounting for...

Persistent link: https://www.econbiz.de/10010283604

Trade Openness and Income Inequality : New Empirical Evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...

Persistent link: https://www.econbiz.de/10013218286

Wealth and its Distribution in Germany, 1895-2018

Albers, Thilo N. H.; Bartels, Charlotte; Schularick, Moritz - 2022

German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it provides unique insights into the role of country-specific shocks in...

Persistent link: https://www.econbiz.de/10013289690

How High Can You Climb? Earnings Inequality and Intragenerational Earnings Mobility in a Developing Country : Evidence from Thai Tax Returns

Muthitacharoen, Athiphat; Burong, Trongwut - 2023

This paper investigates inequality and intragenerational economic mobility in a developing country with large inequality. Understanding economic mobility is important because it shapes our perception of inequality. Despite its significance, evidence on intragenerational mobility, especially that...

Persistent link: https://www.econbiz.de/10014262489

Health Capital Provision and Human Capital Accumulation

Azarnert, Leonid V. - 2020

, private investment in children's health and education and human capital accumulation. I have used a growth model with …

Persistent link: https://www.econbiz.de/10012207881

Migration, Child Education, Human Capital Accumulation, and a Brain Dilution Tax

Azarnert, Leonid V. - 2025

I study the effect of educational policy in the host economy on human capital accumulation and growth. The analysis is … performed in a two-country growth model with endogenous fertility. I show that providing additional free educational services …

Persistent link: https://www.econbiz.de/10015398775

Unified Growth Theory: Roots of Growth and Inequality in the Wealth of Nations

Galor, Oded - 2024

Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth …

Persistent link: https://www.econbiz.de/10015211347