Showing 1 - 10 of 1,924
We study how rich shareholders can use their economic power to deregulate firms that they own, thus skewing the income distribution towards themselves. Agents differ in productivity and choose how much labor to supply. High productivity agents also own shares in the productive sector and thus...
Persistent link: https://www.econbiz.de/10013315687
, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality …
Persistent link: https://www.econbiz.de/10013009843
ante skill heterogeneity corresponding to being university educated or not. Using the Wealth and Assets Survey for Great … Britain, we find that the university educated group has higher average wealth, higher earnings risk but lower within group … wealth inequality. Using estimates of the earnings processes for each group to calibrate the model, we find wealth inequality …
Persistent link: https://www.econbiz.de/10012949580
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/10012919007
wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … reductions in the net holdings of financial and other real wealth of the treated households …
Persistent link: https://www.econbiz.de/10012996689
Current trends in the distribution of wealth trigger a social divide and threaten democracy. I propose to counter this … requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an …
Persistent link: https://www.econbiz.de/10012992603
Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax … back on the policy agenda. Both authors suggest using the annual wealth tax to supplement the redistributional effects of …, the wealth tax is often not delivering the expected effects – a large share of the tax burden falls on people with low …
Persistent link: https://www.econbiz.de/10012947992
Using detailed tax data from the Swiss canton of Bern, I examine how changes in wealth are related to income risk. I … find that only among elderly individuals high kurtosis of income risk may be positively correlated with wealth accumulation …. Additionally, I document that a substantial share of taxpayers have negative net wealth. While wealth and income are positively …
Persistent link: https://www.econbiz.de/10012912679
The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality … between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership …-country inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality differences …
Persistent link: https://www.econbiz.de/10013014361
Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … expose the central importance of portfolio composition and asset prices for wealth dynamics in postwar America. Asset prices … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the …
Persistent link: https://www.econbiz.de/10012932905