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Inequality of opportunity in wealth: Levels, trends, and drivers
Graeber, Daniel; Hilbert, Viola; König, Johannes - 2023
While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … and for a detailed decomposition of net wealth inequality into a variety of circumstances; among them childhood background … that about 62% of the inequality in net wealth is due to circumstances. The most important circumstances are …
Persistent link: https://www.econbiz.de/10014374802
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Home ownership and monetary policy transmission
Koeniger, Winfried; Ramelet, Marc-Antoine - 2018
.6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …
Persistent link: https://www.econbiz.de/10011962191
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Redistribution and Insurance in the German Welfare State
Bartels, Charlotte - 2011
Welfare states redistribute both between individuals reducing annual inequality and over the life-cycle insuring … 1984 to 2009, long-term inequality over a 20-year period is computed and then decomposed into an inter- and intra …-individual component. Results show that annual inequality is higher than long-term inequality, but redistribution is also larger annually …
Persistent link: https://www.econbiz.de/10011601061
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Redistribution and insurance in welfare states around the world
Bartels, Charlotte; Neumann, Dirk - 2018
Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective. In particular, public pensions, that smooth incomes over the...
Persistent link: https://www.econbiz.de/10011912135
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Redistribution and Insurance in the German Welfare State
Bartels, Charlotte - Forschungsbasierte Infrastruktureinrichtung … - 2011
Welfare states redistribute both between individuals reducing annual inequality and over the life-cycle insuring … 1984 to 2009, long-term inequality over a 20-year period is computed and then decomposed into an inter- and intra …-individual component. Results show that annual inequality is higher than long-term inequality, but redistribution is also larger annually …
Persistent link: https://www.econbiz.de/10009399838
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Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries
Almas, Ingvild; Mogstady, Magne - 2009
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10011600825
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Older or Wealthier?: The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries
Almas, Ingvild; Mogstady, Magne - Forschungsbasierte Infrastruktureinrichtung … - 2009
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10005017433
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Punching up or punching down? How stereotyping the rich and the poor impacts redistributive preferences in Germany
Diermeier, Matthias; Fischer, Madeleine L.; Niehues, Judith - 2023
Redistribution and the welfare state have been linked by academic discourse to narratives that portray specific societal groups as 'deserving' or 'undeserving'. The present analysis contributes to this scholarship in a twofold manner. First, it provides a holistic view on the beneficiaries and...
Persistent link: https://www.econbiz.de/10014292524
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Unfair pay and health
Falk, Armin; Kosse, Fabian; Menrath, Ingo; Verde, Pablo … - 2014
This paper investigates physiological responses to perceptions of unfair pay. We use an integrated approach exploiting complementarities between controlled lab and representative field data. In a simple principal-agent experiment agents produce revenue by working on a tedious task. Principals...
Persistent link: https://www.econbiz.de/10010464368
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Optimal taxation under different concepts of justness
Jessen, Robin; Metzing, Maria; Rostam-Afschar, Davud - 2017
A common assumption in the optimal taxation literature is that the social planner maximizes a welfarist social welfare function with weights decreasing with income. However, high transfer withdrawal rates in many countries imply very low weights for the working poor in practice. We reconcile...
Persistent link: https://www.econbiz.de/10011795302