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World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and … welfare. Using the official $1/day line, we estimate that world poverty rates have fallen by 80% from 0.268 in 1970 to 0 … of the global poverty count in 2006 are much smaller than found by other researchers. We also find similar reductions in …
Persistent link: https://www.econbiz.de/10013150544
these episodes to examine the idea that the lower tail of the wealth distribution reflects in part a wealth-based poverty …
Persistent link: https://www.econbiz.de/10013079754
the late 1970s. In contrast, bottom income quantiles and poverty rates have converged across areas in recent decades …
Persistent link: https://www.econbiz.de/10014089530
This paper depicts and analyzes the wealth distribution and wealth mobility in a national sample of nearly 1,600 households matched in the 1850 and 1860 manuscript schedules of the census. Gini coefficients, a transition matrix, the Shorrocks measure, and a regression model of wealth...
Persistent link: https://www.econbiz.de/10014070451
Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...
Persistent link: https://www.econbiz.de/10014223115
This paper attempts to estimate the size and distribution of tax evasion in rich countries. We combine random audits—the key source used to study tax evasion so far—with new micro-data leaked from large offshore financial institutions—HSBC Switzerland (“Swiss leaks”) and Mossack...
Persistent link: https://www.econbiz.de/10012948071
We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model – as well as heterogeneous agent models more generally – then boils down to a system of partial differential equations, a fact we take advantage of to make two types of...
Persistent link: https://www.econbiz.de/10012948919
A significant amount of the increase in the wealth income ratio in recent decades is due to an increase in the value of land. We present a series of models that explain why land prices may have increased. These models help us understand the increase in both the wealth income ratio and wealth...
Persistent link: https://www.econbiz.de/10013022173
This paper extends the standard life cycle model to a world in which there are also capitalists. We obtain simple formulae describing the equilibrium fraction of wealth held by life-cycle savers. Using these formulae, we ascertain the effects of tax policy or changes in the parameters of the...
Persistent link: https://www.econbiz.de/10013022177
This paper investigates the determination of the equilibrium distribution of income and wealth among individuals within a simple equilibrium growth model, where there is consistency between the movements of aggregate variables and the savings, bequest, and reproduction behavior of individuals....
Persistent link: https://www.econbiz.de/10013022178