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whole. Such high levels of inequality can be accounted for in all forms of assets, including housing, pension funds, and … other financial assets. Our series show no sign of decreasing wealth inequality since apartheid; if anything, we find that … inequality has remained broadly stable and has even slightly increased within top wealth groups. …
Persistent link: https://www.econbiz.de/10012424032
labour earnings inequality coefficients. In particular, corrections deal with outliers and implausible data records, missing …
Persistent link: https://www.econbiz.de/10012424019
This paper examines the relationship between monetary policy and wealth inequality in South Africa. We employed a … unique database of tax administrative data which allowed us to account for individual heterogeneity. These tax data span from …- and random-effects panel model estimates show that monetary policy generally increases wealth Gini inequality while it …
Persistent link: https://www.econbiz.de/10012424161
The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and limited functionality. This could lead to undersaving compared to a world without market or behavioural frictions. Undersaving can have important welfare consequences: variable consumption,...
Persistent link: https://www.econbiz.de/10010352722
In the presence of inequality a status-driven utility function reconciles the conflict between income-based and …
Persistent link: https://www.econbiz.de/10010319857
In this review, I provide an overview of the literature investigating the social psychology of economic inequality …, focusing on individuals' understandings, perceptions, and reactions to inequality. I begin by describing different ways of … measuring perceptions of inequality, and conclude that absolute measures-which ask respondents to estimate inequality in more …
Persistent link: https://www.econbiz.de/10012651114
Using illustrations from research on inequality, this paper offers evidence on the strengths of 'behavioural synthesis … and relative inequality have evolved from assumptions of income maximization to status-seeking competition, and to … conclude that methodological pluralism, i.e. scientific integration, is necessary when it comes to understanding inequality and …
Persistent link: https://www.econbiz.de/10012651147
The degree of choice households have over their consumption expenditure is critical in deciding their economic class. Applying our measure to Egyptian household budget surveys, we estimate the population size of the middle class in Egypt and assess their well-being in the period 1995-2011. Our...
Persistent link: https://www.econbiz.de/10011418618
How does income inequality impact the propensity for and levels of formal and informal household debt? This paper … as well as a zero-inflated Poisson model are employed, and inequality is measured by a household relative deprivation …
Persistent link: https://www.econbiz.de/10014477470
real measures of inequality. Using household budget survey and price data in Mozambique from 2002/03 and 2008/09, we show … inequality, by about two Gini points. This result is obtained by computing a price deflator that explicitly reflects divergent … price dynamics of different product categories. The difference in measured inequality is larger in regions where consumers …
Persistent link: https://www.econbiz.de/10010494225